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HomeMy WebLinkAboutContract 37127 (2):P CITY SECIjeT Ry CONTRACT NO. I l DEVELOPMENT AGREEMENT THE STATE OF TEXAS § COUNTY OF DENTON § This Development Agreement (this "Agreement") is entered into by the City of Fort Worth, Texas, a home -rule municipal corporation situated in Tarrant, Denton and Wise Counties, Texas (the "City"), acting by and through its duly authorized Assistant City Manager, and Aperion Communities, LLLP, Eladio Properties, LLLP, - Drooy Properties, LLLP, Rocksand Investments, LLLP, Justin Ranch 427, LLLP, and Justin Ranch 123, LLLP, Arizona limited liability limited partnerships, (individually and collectively, "Owner"). ARTICLE I RECITALS 1.01. Owner has represented to the City that Owner is the owner of approximately 1,922.737 acres in Denton County, Texas, as shown on Exhibit A and described in Exhibit B attached to this Agreement (the "Development "). The Development lies entirely within the City's extraterritorial jurisdiction ("ETJ"). Owner intends the Development to be the second phase of the master planned community known as "Tradition," depicted for informational purposes only on the attached Exhibit A. 1.02. The Texas legislature approved the creation of Tradition Municipal Utility District No. 2 of Denton County containing the Development by Act of May 23, 2007, 80th Texas Legislature, Regular Session, Chapter 752, Special District Local Laws Code, Chapter 8189, effective September 1, 2007 (the "District" and the "District Legislation"); provided, however, the District Legislation provides that the election to confirm creation of the District may not be held unless the City adopts a resolution after September 7, 2007, reconfirming its consent to the creation of the District. 1.03. Owner has submitted to the City a petition requesting the City's consent to the creation of the District. 1.04. On December 18, 2007, the City Council of the City adopted Resolution No. 3568-12-2007 consenting to the creation of the District (the "Consent Resolution"). 1.05. On December 18, 2007, the City Council of the City approved that certain "Agreement Concerning Creation and Operation of Tradition Municipal Utility District No. 2 of Denton County" by and among the City, the District, and Owner (City Secretary Contract No. 364633 M & C - 22589) (the "Consent Agreement"), 1.06. The Development is located in an area for which Aqua Utilities, Inc:, formerly known as AquaSource Utility, Inc. a Texas corporation ("Aqua Utilities"); holds Certificate of op, fence and N6 essity ("CCN") No. 11157 issued by the Texas Commission on n' ifiental Quality (the "TCEO") to provide retail water service. Development Agreement ' - �' Tradition MUD No. 2 of Denton County Page 1 CITY SECRETARY CONTRACT NO, I I DEVELOPMENT AGREEMENT THE STATE OF TEXAS § COUNTY OF DENTON § This Development Agreement (this "Agreement") is entered into by the City of Fort Worth, Texas, a home -rule municipal corporation situated in Tarrant, Denton and Wise Counties, Texas (the "City"), acting by and through its duly ' authorized Assistant City Manager, and Aperion Communities, LLLP, Eladio Properties, LLLP, Drooy Properties, LLLP, Rocksand Investments, LLLP, Justin Ranch 427, LLLP, and Justin Ranch 123, LLLP, Arizona limited liability limited partnerships, (individually and collectively, "Owner"). ARTICLE I RECITALS 1.01. Owner has represented to the City that Owner is the owner of approximately 1,922.737 acres in Denton County, Texas, as shown on Exhibit A and described in Exhibit B attached to this Agreement (the "Development"). The Development lies entirely within the City's extraterritorial jurisdiction ("ETJ"). Owner intends the Development to be the second phase of the master planned community known as "Tradition," depicted for informational purposes only on the attached Exhibit A. 1.02. The Texas legislature approved the creation of Tradition Municipal Utility District No. 2 of Denton County containing the Development by Act of May 23, 2007, 80th Texas Legislature, Regular Session, Chapter 752, Special District Local Laws Code, Chapter 8189, effective September 1, 2007 (the "District" and the "District Le islation"); provided, however, the District Legislation provides that the election to confirm creation of the District may not be held unless the City adopts a resolution after September 7, 2007, reconfirming its consent to the creation of the District. 1.03. Owner has submitted to the City a petition requesting the City's consent to the creation of the District. On December 18, 2007, the City Council of the City adopted Resolution No. 3568-12-2007 consenting to the creation of the District (the "Consent Resolution"). 1.05. On December 18, 2007, the City Council of the City approved that certain "Agreement Concerning Creation and Operation of Tradition Municipal Utility District No. 2 of Denton County" by and among the City, the District, and Owner (City Secretary Contract No. 36463, M & C - 22589) (the "Consent Agreement"). 1.06. The Development is located in an area for which Aqua Utilities, Inc., formerly known as AquaSource Utility, Inc. a Texas corporation ("Aqua Utilities"); holds Certificate of op, ! o e essity ("CCN") No. 11157 issued by the Texas Commission on nvt�'' y the "TCEO") to provide retail water service. ��O ��io11 Development Agreement~ - 0 2' 0 8 A 1 1: 0 3 IN Tradition MUD No. 2 of Denton County Page I 1.07. The Development is located in an area for which the TCEQ has not issued a CCN for retail sewer service. 1.08. Water and wastewater service to the Development will be provided pursuant to that certain "Agreement Regarding Water and Wastewater Utility Service" between Aqua Utilities, Owner, the District, and the City executed to be effective December 18, 2007 (City Secretary Contract No36465) (the "Water and Wastewater Utility Agreement") 1.09. The Development is located in a rapidly growing area of the City's ETJ, and development of the Development will impact the future character of the City. 1.10. -The purposes of this Agreement include encouraging innovative and comprehensive master -planning of the Development, providing a level of certainty of regulatory requirements throughout the term of this Agreement, and providing assurances. that the Development will remain in the City's ETJ for the term of this Agreement, except for any commercial property annexed for limited purposes for the collection of sales and use tax. 1.11. The Parties have the authority to enter into this Agreement pursuant to Section 212.172 of the Local Government Code. NOW THEREFORE, for and in consideration of the mutual agreements, covenants, and conditions hereinafter set forth, the Parties agree as follows. ARTICLE II DEFINITIONS 2.01. "Accessory Use" means, a use which is clearly incidental to the use of the Principal Building or the primary use of the property and which is located on the same premises as the primary use. 2.02. "Agreement" means this Development Agreement between the City and Owner. 2.03. "Aqua Utilities" means Aqua Utilities, Inc., formerly known as AquaSource Utility, Inc, a Texas corporation. 2.04. "Assignee" means a successor to Owner as defined in Sections 11.02(b) and 11.03 of this Agreement. 2.05. Intentionally Deleted. 2.06. "Builder" means a person or entity that constructs, alters, or repairs improvements (other than Infrastructure), specifically including without limitation Structures, within any part of the Development. 2.07. "Building Codes" means the Fire Code, as defined herein, and all other City ordinances, regulations, policies, manuals and other requirements applicable as of the Effective Date to the construction of Structures within the City's corporate limits, including without limitation, the design, permitting, payment of fees, construction and inspection thereof. Further, "Building Codes" includes all amendments to the foregoing requirements and all new requirements relating to Structures that are adopted or approved after the Effective Date, except Development Agreement Tradition MiID No. 2 of Denton County Page 2 any amendment from which the Development is exempt pursuant to Chapter 245 of the Local Government Code. 2.08. "CCN" means a certificate of convenience and necessity or similar permit issued by the TCEQ authorizing a specified entity to be the retail water or sewer provider in a specified area. 2.09 "Certified Inspector" means an independent, certified, and state -licensed inspector who has been approved by the Planning and Development Director, District and Owner and who has agreed in writing to be bound by the Building Codes, Sign Code and Fire Code and applicable definitions in Article I of this Agreement. 2.10. "CFA Policy" means the City's "Policy for the Installation of Community Facilities" as amended March 20, 2001 (M & G43181), including amendments on or after the Effective Date that are adopted for uniform application throughout the corporate limits of the City, but excluding amendments from which the Development is exempt pursuant to Chapter 245 of the Local Government Code. 2.11. "City" means the City of Fort Worth, Texas, ahome-rule municipality located in Tarrant, Denton and Wise Counties, Texas. 2.12. "City Code" means the Code of the City. 2.13. "City Council" means the City Council of the City. 2.14. "City Facility Tracts" means Tracts 50 and 72 shown on the Development Plan and listed on the Tract Summary. 2.15. "City Manager" means the City Manager of the City. 2.16. "City Review Fees" means: (i) the fees and charges applicable to the City's preliminary and final plat review and approval process according to the fee schedule adopted by the City Council and in effect on the date of submittal of each plat application; and (ii) fees and charges applicable to the review and approval of plans relating to the construction of Infrastructure according to the fee schedule adopted by the City Council and in effect on the date of submittal of such plans. 2.17. "Commercial Tracts" means Tracts 83 and 86 shown on the Development Plan and listed on the Tract Summary. 2.18. "Community Facilities Tracts" means Tracts 5, 493 585 7% 80, 82, 92 and 99 shown on the Development Plan and listed on the Tract Summary. 2.19. "Consent Agreement" means the Agreement Concerning Creation and Operation of Tradition Municipal Utility District No. 2 of Denton County by and among the City, the District and Owner, which was approved by the City Council on December 18, 2007 (City Secretary Contract No. 36463, M & C - 22589) and effective as of December 18, 2007. 2.20. "Consent Resolution" means Resolution No. 356842-2007 approved by the City Council on December 18, 2007, consenting to the creation of the District. 2.21. "Contractor" means a person or entity that constructs, alters, or repairs Infrastructure required to serve the Development, whether located within or outside the Development. Development Agreement Tradition MUD No. 2 of Denton County Page 3 2.22. "Count " means Denton County, Texas. 2.23. "County Review Fees" means fees and charges applicable to the review and approval of plans according to the fee schedule adopted by the Commissioners Court and in effect on the date of submittal of such plans. 2.24. "County Road" means any road located within the County but not within the District or a municipality. 2.25 "Court Home" means atwo-story single family detached home clustered around a motorcourt. 2.26. "Court Home Tracts" means Tracts 2, 22 and 36 shown on the Development Plan and listed on the Tract Summary 2.27. "Design Review Guidelines" means the design and development guidelines and application and review procedures established or to be established for the Development. 2.28. "Development" means that certain 1,922.737 acre tract located in Denton County, Texas as depicted in Exhibit A and described in Exhibit B. 2.29. "Development Permit" means to apply and be granted a development permit for every buildable lot within the District in accordance with the Regulations for Floodplain Management in Denton County. 2.30. "Development Plan" means Exhibit C attached to this Agreement identifying various tracts within the Development. 2.31. "District" means the Tradition Municipal Utility District No. 2 of Denton County and any other district created within the Development by dividing the District into one or more new Districts pursuant to the District Legislation. 2.32. "District Confirmation Date" means the date on which the Board of Directors of the District canvasses the results of the election held within the District confirming the creation of the District. 2.33. "District Legislation" means Act of May 23, 2007, 80th Texas Legislature, Regular Session, Chapter 752, Special District Local Laws Code, Chapter 8189, effective September 1, 2007, creating the District. 2.34. "Effective Date" means the date this Agreement is fully executed by the City and Owner; provided, however, if Owner fails to make progress (as defined in Section 245.005(c) of the Local Government Code) toward completion of development of the Development (the "Project") by May 21, 2013, the "Effective Date" for the purpose of identifying the Governing Regulations, Zoning Ordinance and other applicable regulations shall be deemed to be the date on which the first permit application relating to the Project is filed with the City after May 21, 2013. 2.35. "ETJ" means the extraterritorial jurisdiction of a city as defined by the Local Government Code , as amended, with the City's ETJ being an unincorporated area presently Development Agreement Tradition MUD No. 2 of Denton County Page 4 extending five miles from the City's corporate limits, excluding other incorporated municipalities and their respective ETJs. 2.36. "Fire Code" means the 2003 International Fire Code and any local amendments (Ordinances Nos. 16027 and 16252) including amendments on or after the Effective Date and are adopted for uniform application through the corporate limits of the city, but excluding amendments from which the Development is exempt pursuant to Chapter 245 of the Local Government Code. 2.37. "Gas Drilling Ordinance" means the City's "Gas Drilling Ordinance," Ordinance No. 14880, in effect on the Effective Date, including any amendments in effect on the Effective Date. Further, "Gas Drilling Ordnances" includes all amendments to the foregoing regulations and all new requirements relating to drilling or production of natural gas within the City's corporate limits that are adopted or approved after the Effective Date, except as provided in Section 3.12 of this Agreement and any amendments from which the Development is exempt pursuant to Chapter 245 of the Local Government Code. 2.38. "Governing Regulations" means all City ordinances, regulations, policies, manuals and other requirements relating to Infrastructure, including without limitation, the design, location, construction, payment of fees, operation, and maintenance thereof, that are applicable within the City's corporate limits on the Effective Date. Further, "Governing Regulations" includes all amendments to the foregoing requirements and all new requirements relating to Infrastructure that are adopted or approved after the "Effective Date", except any amendments from which Development is exempt pursuant to Chapter 245 of the Local Government Code, and any special regulations as defined in this Article. "Governing Regulations" shall also include Denton County storm water management regulations in effect on the Effective Date, including any amendments to the foregoing regulations that are adopted or approved after the Effective Date, except any amendments from which the Development is exempt pursuant to Chapter 245 of the Local Government Code. 2.39. "Homeowners Association" and/or "HOA" means the one or more neighborhood associations and/or the Master HOA established by the Owner in accordance with the applicable declarations of covenants, conditions and restrictions. 2.40. "Infrastructure" means all water, wastewater, drainage, roadway and other infrastructure improvements installed or constructed to serve the Development, whether located within or outside the Development. 2.41. "Infrastructure Infection Fees" means the fees applicable to the inspection and testing of Infrastructure according to the fee schedule adopted by the City Council and in effect on the date of the inspection. 2.42. "Infrastructure Inspection Fees -Denton County" means the fees applicable to the inspection and testing of all detention and flood control structures and connections to County Roads according to the fee schedule adopted by the Commissioners Court and in effect on the date of the inspections. Development Agreement Tradition MUD No. 2 of Denton County Page 5 2.43. "Kiosk" means a freestanding presentation station in a public place for displaying static or interactive information on products, events, directions or locations. 2.44. "Large Retail Store" means a store for the retail sale of merchandise with a footprint exceeding 50,000 square feet, including without limitation a general merchandise store, home improvement store, antique shop, appliance sales or supply store, new or used clothing store, new or used furniture store, greenhouse or plant nursery, grocery store, pawn shop, or facility for general retail sales. A large retail store that sells to members only or that also offers merchandise at wholesale is not excluded from this definition. 2.45. "Lender" means a person or entity that receives a collateral assignment, pledge, security interest, lien, or other encumbrance of or in all or any part of the Development or in any Owner's or Assignee's rights under this Agreement to secure repayment of a debt or performance of an obligation by such Owner or Assignee. 2.46. "Local Government Code" means 'the Texas Local Government Code, as amended. 2.47. "Lot Owner" means any "end -buyer of a fully developed and improved lot" within the Development as such phrase is used in Section 212.172(f) of the Local Government Code. A Lot Owner is neither an Owner nor a Party and is bound by this Agreement in accordance with Section 10.04. 2.48. "Master CCR" means the declaration of covenants, conditions and restrictions established for the Development. 2.49. "Master HOA" means the homeowners association to be established for the Development by the Owner in accordance with the Master CCR. 2.50. "Mixed -Use Tract" means Tract 32 shown on the Development Plan and listed on the Tract Summary. 2.51. "Multi -Family Residential Tracts" means Tracts 21, 34 and 37 shown on the Development Plan and listed on the Tract Summary. 2.52. "Neighborhood CCR" means a declaration of covenants, conditions and restrictions to be established for portions of the Development. 2.53. "Neighborhood HOA" means a homeowners association to be established by the Owner for portions of the Development in accordance with applicable Neighborhood CCR. 2.54. "Non -Owner Assignee" is defined in Section 10.02(c) of this Agreement. 2.55. "Notice" means notice as defined in Section 10.01 of this Agreement. Development Agreement Tradition MUD No. 2 of Denton County Page 6 2.56. "One -Family Residential Tracts" means Tracts 3, 4, 6-20, 23-29, 31, 35, 38-45, 47, 483 525 53, 55-57, 60-63, 65-70, 73-76, 77, 815 85, 87-91, 93 and 95400 shown on the Development Plan and listed on the Tract Summary. Each One -Family Residential Tract is classified as one of the following use categories on the Tract Summary: One -Family 5,000, One - Family 6,000, One -Family 7,500, One -Family 10,000 or One -Family 19,000. 2.57. "Open Space" means parks and other areas that are open to the sky, unpaved and at least six feet wide, provided, however, rooftop terraces and other common spaces that are at least six feet wide and. outdoor paved areas designed and used for active recreation shall also be considered open space. 2.58. "Owner" means, individually and collectively, Aperion Communities, LLLP, Eladio Properties; LLLP, Drooy Properties, LLLP, Rocksand Investments, LLLP, Justin Ranch 427, LLLP, and Justin Ranch 123, LLLP, Arizona limited liability limited partnerships. The term "Owner" also includes any Assignee permitted by this Agreement, but does not include a Lot Owner. 2.59. "Party" means, individually, the City, Owner, or Owner's successors and assigns (including any Assignee) as permitted by this Agreement. 2.60. "Phase" means each phase of the Development, as further described on the Development Plan. 2.61. "Planning and Development Director" means the Director of the City's Planning and Development Department. "Premises" means a single tract or platted lot. 2.63. "Principal Building" means a building in which the primary use of the lot on which the building is located is conducted. 2.64. "Sign Code" means the following sections of Chapter 29 of the City Code and Chapter 6, Article 4 of the City Zoning Ordinance with the following amendments: "Kiosk" means a freestanding presentation station in a public place for displaying static or interactive information on products, events, directions or locations. "Sign, Monument" means a permanent sign with at least seventy-five percent (75%) of the structure's width in contact with the ground. 2.65. "Significant Industrial Discharge" means any discharge of industrial waste that meets at least one of the following criteria: (1) the average discharge rate is greater than 50,000 gallons per day; or (2) biochemical oxygen demand (i.e., the quantity of oxygen used in the biochemical oxidation of organic matter under standard laboratory procedure in five days at 20 degrees Centigrade, expressed in milligrams per liter) and/or suspended solids concentrations Development Agreement Tradition MUD No. 2 of Denton County Page 7 exceed 250 mg/l;. or (3) the waste falls within an industrial category regulated by National Pretreatment Standards as promulgated by the United States Environmental Protection Agency. 2.66. "Special Regulations" means regulations in Exhibit E attached to this Agreement, including street, right-of-way and sidewalk width, block length and minimum street centerline off sets and regulations regarding setbacks, lot areas, lot widths, lot coverage heights and other matters for particular tracts. 2.67. "Strategic Partnership Agreement" means the Strategic Partnership Agreement attached as Exhibit E to the Consent Agreement to be executed by the City and the District providing for the limited purpose annexation of portions of the Development designated for commercial uses for the sole purpose of imposing a sales and use tax, pursuant to Section 13.0751 of the Local Government Code. 2.68. "Structure" means any permanent building or structure that is intended for human occupancy and any other structure (including signs). 2.69. "Subdivision Regulations" means the City's Subdivision Ordinance No. 7234, the Plan Commission Rules and Regulations in effect on the Effective Date, the City's Policy for the Installation of Community Facilities as amended March 20, 2001 (M & C G43181) and all amendments to the foregoing regulations that are adopted or approved after the "Effective Date", except any amendments from which the Development is exempt pursuant to Chapter 245 of the Local Government Code. 2.70. "TCEQ" means the Texas Commission on Environmental Quality or its successor state agency. 2.71. "Third Party Inspector" means an independent, certified, and state -licensed inspector who has been approved by the Engineering Director, the District and Owner and who has agreed in writing to be bound by the Governing Regulations and applicable definitions in Article I of this Agreement. 2.72. "Townhouse Tracts" means Tracts 1, 30, 33, 59, 64 and 76 shown on the Development Plan and listed on the Tract Summary. 2.73. "Tract Summary" means Exhibit F attached to this Agreement, which summary lists and classifies certain tracts within the Development shown on the Development Plan. 2.74. "Tradition" means the proposed master -planned community containing approximately 2,660 acres that may include residential, commercial, and recreational uses as generally depicted for informational purposes only in Exhibit A. 2.75. "Tree Ordinance" means Ordinance No. 17228-10-2006, as codified in the Zoning Ordinance that is in effect on the Effective Date, including amendments on the Effective Date, but excluding amendments after the Effective Date or those from which the Development is exempt pursuant to Chapter 245 of the Local Government Code, Development Agreement Tradition MUD No. 2 of Denton County Page 8 2.76. "Zoning Ordinance" means Ordinance No. 13896, together with any amendments thereto that are in effect on the Effective Date, codified as Appendix "A" to the City Code, including all amendments to the foregoing regulations that are adopted or approved after the "Effective Date", except any amendments from which the Development is exempt pursuant to Chapter 245 of the Local Government Code. - ARTICLE III DEVELOPMENT REGULATIONS 3.01. Applicable Regulations. The Development shall be developed in accordance with the following: (1) Subdivision Ordinance and all City ordinances, regulations, policies, manuals and other requirements that would apply to the Development if. it were located within the City's corporate limits, including without limitation the Building Codes, Fire Codes, Governing Regulations, Gas Drilling Ordinances and applicable provisions of the Zoning Ordinance, including any , applicable amendments, except to the extent this Agreement imposes stricter requirements, specific exceptions or other requirements, in which case this Agreement shall control; (2) ordinances that the City is required to adopt by state or federal laws or regulations that impose requirements applicable to the Development (whether such laws or regulations are in effect on the Effective Date or enacted after the Effective Date); provided, however, if such state or federal laws or regulations allow the City to grant exemptions to such laws or regulations for which the Development qualifies, then the City agrees to cooperate with the Owner to evidence such exemptions upon a showing made by Owner that the Development qualifies for such exemption; (3) state or federal laws or regulations that impose requirements applicable to the Development (whether such laws or regulations are in effect on the Effective Date or enacted after the Effective Date); provided, however, if such state or federal laws or regulations allow the City to grant exemptions to such laws or regulations for which the Development qualifies, then the City agrees to cooperate with the Owner to evidence such exemptions upon a showing made by Owner that the Development qualifies for such exemption; and (4) the Special Regulations. Notwithstanding the foregoing, however, nothing in this Section constitutes a waiver of Owner's right to claim that the ordinances, laws, regulations, or rules described in the preceding clauses '(2)" and "(3)" adopted after the Effective Date do not apply to the Development based on the "vested rights" of Owner, whether such rights arise under Chapter 43, as amended, or Chapter 245, as amended, Local Government Code. Nothing in this Section constitutes a waiver of the City's right to rebut or defend against any such claim by Owner. 3:02. Administrative Approval. The Planning and Development Director or his designee (with the consent of Aperion Communes, LLLP, Eladio Properties, LLLP, Drooy Properties, LLLP, Rocksand Investments, LLLP, Justin Ranch 427, LLLP, and Justin Ranch 123, LLLP) may administratively approve minor revisions to the provisions in Article III as follows: (a) an increase in the height of structures of five (5) percent or less; (b) a setback reduction of ten (10) percent or less; (c) an increase in ground coverage by a structure of five (5) percent or less, (d) a reduction in off-street parking of five (5) percent or less; (e) an increase in the number, height or area of signs of five (5) percent or less; and (f) an increase in outdoor storage or display area of five (5) percent or less. Front porches extending into the front yard setback shall not be included when determining front yard setbacks. Development Agreement Tradition MUD No. 2 of Denton County Page 9 3.03. Additional Development Regulations. All property within the Development will be developed in accordance with the Applicable Regulations as defined in Section 3.01 and in accordance with the following requirements: (A) Permitted Uses. Uses are permitted in accordance with the chart attached as Exhibit G to this Agreement. The categories of uses listed in Exhibit G correspond to the tracts shown on the Development Plan attached as Exhibit C and listed on the Tract Summary attached as Exhibit F. (B) The following shall be developed in accordance with the Applicable Regulations except as follows: (charts reflect only the differences from the Zoning Ordinance) Townhouse/Court Home. Side Yard 10 feet minimum adjacent to street, otherwise no setback is . required; for comer lots, porches may be located in the side yard adjacent to a street Mixed -Use Tracts. Front 14 feet minimum; 16 feet maximum Yard One -Family 5,000. One -Family 5,000 Tracts: Front Yard 15 feet minimum, 10 feet for porches One -Family 6,000. One -Family 6,000 Tracts: Lot Area 6,000 square feet minimum Lot Width 60 feet minimum at building line, 70 feet minimum for corner lots Lot Coverage 50 percent maximum Front Yard 15 feet minimum, 10 feet for porches Rear Yard 5 feet minimum Side Yard Interior lot Corner lot 5 feet minimum 10 feet minimum adjacent to side street and 5 feet minimum for interior lot line; porches may be located in the side yard adjacent to a street Height 35 feet maximum Development Agreement Tradition MUD No. 2 of Denton County Page 10 One -Family 7,500. One -Family 7,500 Tracts: Lot Width 75 feet minimum at building line, 85 feet minimum for corner lots One -Family 10,000. One -Family 10,000 Tracts: Lot Width 90 feet minimum at building line, 100 feet minimum for corner lots Side Yard Interior lot 10 feet minimum Corner lot 10 feet minimum adjacent to side street, 5 feet minimum for interior lot line; porches may be located in the side yard adjacent to a street Height 3 5 feet maximum One -Family 19,000. One -Family 19,000 Tracts: Lot Area 19,000 square feet minimum Lot Width 110 feet minimum at building line, 120 feet minimum for corner lots Lot Coverage 35% maximum Front Yard 30 feet minimum, 25 feet for porches Rear Yard. 25 feet minimum Side Yard Interior lot 10 feet minimum Corner lot 15 feet minimum adjacent to side street; porches may be located in the side yard adjacent to a street Height 35 feet maximum (C) Accessory Uses. No accessory uses shall be permitted in the Development, except for the following accessory uses, which shall be subject to compliance with the designated sections of the Zoning Ordinance: (1) Accessory Buildings on Residential Lots (Section 5.301); (2) Satellite Antenna (Dish) (Section 5.304); (3) Fences (Section 5.305); and (4) Storage or Display in Commercial Districts, Outdoors (Section 5.306) (D) Temporary Uses. No temporary uses shall be permitted in the Development, except for the following temporary uses, which shall be subject to compliance with the designated sections of the Zoning Ordinance: (1) Garage or Other Occasional Sales, except that no permits shall be required and no fees shall be charged (Section 5.402); (2) Model Home (Section 5.403); (3) Trailer; Portable Sales, Construction or Storage (Section 5.405); and Development Agreement Tradition MUD No. 2 of Denton County Page 11 (4) Temporary Batch Plants, Asphalt or Concrete (Section 5.401) (E) Signs. In addition to the regulations outlined in City Sign Code and Zoning Ordinance, the following shall apply: (1) Off -Premises Signs are prohibited unless expressly permitted by this subsection. (2) All signs shall be constructed and maintained in accordance with the Sign Code. (3) Entry Features. Subdivision entry signs are permitted at each main entrance to a residential subdivision. These signs may be located on private property or in parkways, medians, or common areas. Content is limited to the name and logo of the subdivision or any combination thereof. All signs must be monument signs, and may not exceed eight (8) feet in height and 16 feet in width. Any encroachments over streets that are or will become public must be approved by the Transportation and Public Works Department or Denton County, as applicable.. (4) One temporary non -illuminated real estate sign advertising the sale or lease of real property on which the sign is located. Such sign shall not exceed eight (8) square feet in area in any One -Family Residential Tract, Townhouse Tract or Court Home Tract or 60 square feet in area and eight (8) feet in height on any other tract; and other non-commercial signs as permitted by Owner. (5) A maximum of fifteen (15) kiosks are permitted within the Development along and visible from (but not necessarily adjacent to) Community Parkway. Content is limited to. a. Name and logos of the project; b. Names and logos of builders within the project; c. Information concerning non -business destinations within the project; or d. Any combination of the foregoing. No kiosk may exceed eight (8) feet in height and five (5) feet in width. (6) One multi -tenant sign is permitted in each of Tracts 32, 83 and 86. Each sign may not exceed 24 feet in height above the perpendicular driving grade of State Highway 114. The maximum width of each sign may not exceed 24 feet. Twenty-five percent (25%) of the width of each sign structure must be in contact with the ground. Content is limited as follows: a. Name, trade name, logo (or any combination thereof) of any owner, tenant, business, or occupant of property within each tract; b. Identification of any property within each tract; Development Agreement Tradition MUID No. 2 of Denton County Page 12 c. Accommodations, services, or activities offered or conducted within each tract; d. Products sold or leased within each tract; e. Sale, lease, development, or construction of property within each tract; or f. Any combination of the foregoing. The following detached On -Premise Signs are permitted in Tracts 32, 83 and 86: Sign Type Business Listing Structure Maximum Height Structure Maximum Width Location on property Minimum ground contact Monument Single or 8 feet 16 feet 0' setback to the right of 75% of the sign multi way line; one foot setback structure's tenants from adjacent property width must be located lines for each foot in height in contact with within the the ground business complex Pylon Single or 25 feet 16 feet Maximum height of 8 feet 50% of the sign Sign multi at the right of way line structure's tenants with one foot setback from width must be located right of way line for each in contact with within the additional foot in height; the ground business one foot setback from complex adjacent property lines for each foot in height Advertising message area on the sign structure shall not exceed the street frontage of the platted lot on which the sign is located (one square foot of message area for each foot of frontage) or 1.5 times the right-of-way width, whichever is less, up to a maximum of 75% of the sign structure. Areas that do not include advertising message must be unilluminated and constructed with materials similar to the building associated with the sign. (7) Signs erected pursuant to subsections (6) and (7) shall be at least 100 feet apart. (8) Attached on -premise signs are permitted in Tracts 32, 83 and 86 as long as the cumulative area of all attached on -premise signs on a building facade does not exceed ten percent (10%) of the area of the facade. "Fagade" is equal to the building length times building height; provided, however, for purposes of such Development Agreement Tradition MUD No. 2 of Denton County Page 13 calculation, building height shall be a maximum of 15 feet despite the fact that the actual building height may exceed 15 feet. Doors and windows shall be included in the calculation of the fagade area. The length of an attached sign may not exceed 75% of the length of the building to which it is attached. (9) Any sign authorized to contain commercial copy may contain noncommercial copy in lieu of commercial copy. F. Fences. In addition to fence regulations outlined in Chapter 5, Article 3 of the Zoning Ordinance, the following requirements shall apply: (1) All fences adjacent to freeway or arterial streets shall be constructed of brick, stone, reinforced concrete products, masonry, or designed tubular steel and/or berms may be used. Wood and chain link are expressly prohibited. (2) Private residential fences situated between residential lots shall consist of stained wood pickets on metal posts or designed tubular steel; (3) In those instances where a side or rear yard residential fence is across the street from a front yard, a designated open space area or a public park, or is situated on a corner lot, an upgraded fence shall be required that consists of a stained wood fence . on metal posts with pickets facing the street or designed tubular steel. G. Trees and Landscaping. Tree coverage, Preservation, Planting and Maintenance: The Property is subject to tree coverage, preservation, planting, maintenance, landscaping and buffers regulations outlined in the Zoning Ordinance, including amendments in effect on the Effective Date. The City's Urban Forestry Board may grant a variance to the requirements of the Tree Ordinance and the tree regulations as outlined in the Zoning Ordinance. Owner has recorded certain mandatory deed restrictions against Phase I of Tradition that include, among other provisions, minimum landscape standards for commercial and residential development (the "Phase I Landscape Standards"). Within 365 days after the Effective Date, Owner shall cause landscape standards, excluding tree regulations as outlined in the Zoning Ordinance, that are equal or better than the Phase I Landscape Standards to be applicable against the entire Development at which time such landscape standards shall be the sole landscape regulations required by the City with respect to the Development, notwithstanding anything to the contrary in the Governing Regulations, including landscape standards of the Zoning Ordinance, or otherwise. Owner shall submit a landscape plan for medians and parkways to the City Parks and Community Services Department and the Transportation and Public Works Department for approval of plant material, consideration of future maintenance requirements and prevention of traffic hazards. In addition, landscaping and amenities, at a minimum, shall be installed on each residential lot prior to occupancy in accordance with the Design Guidelines. In the event that the Tree Ordinance or the tree regulations as outlined in the Zoning Ordinance hereafter become less restrictive, then the Development shall be subject to such less restrictive regulations. Development Agreement Tradition MUD No. 2 of Denton County Page 14 3.04. Open Space and Parkland. (A) A minimum of 260 acres of Open Space shall be provided as shown on the Development Plan. Such Open Space shall include the following park facilities, at a minimum: (1) A community park with a minimum area of 5.0 acres with sports fields and gazebo; (2) A district park with a minimum area of 2.2 acres with an average of 2.8 acres; and (3) At least 24 pocket parks, each with a minimum area of 0.8 acres. (B) Within 90 days after filing a final plat for all or any portion of the Development, Owner shall deliver to the Director of the Parks and Community Services Department copy of a recorded special warranty deed conveying to the District all dedicated neighborhood parkland shown on the plat, together with evidence of expenditure of at least $286,650 for park improvements for the entire District. (C) All parks within the Development shall be maintained by the District, the Master HOA or one or more of the neighborhood HOAs until annexation. The City will provide no park maintenance for any parks until the City annexes for full purposes. Upon full purpose annexation and conveyance of the park to the City: (1) for community parks, the City will provide base maintenance with an enhanced maintenance agreement with the Homeowners Association, at the election of the Homeowners Association; and (2) for district and pocket parks, the City shall assume city established maintenance standards of said parks only at such time the City adopts a policy to assume maintenance for all parks of this size and use inside the City limits. (D) At no time now or in the future will the City own or maintain parks or recreational amenities in the Development, with the exception of those outlined in subsection (C) above. 3.05. Covenants Conditions and Restrictions Design Review Guidelines. (A) Master CCR. The Master CCR shall be fled in the applicable county deed records at the same time as the filing of the final plat .for each phase. A copy of the Master CCR and evidence of filing shall be provided to the City at the time of the filing of the final plat for each phase. Owner will establish the Master HOA in accordance with the Master CCR. Membership in the Master HOA shall be mandatory for all owners of property within the Development. The Master HOA shall perform, or cause to be performed, all duties identified in the Master CCR. Development Agreement Tradition MUD No. 2 of Denton County Page 15 (B) Design Review Guidelines. Prior to the sale of any lots in the Development Owner shall file the Design Review Guidelines with standards that meet or exceed the standards of Phase I with the City and the Denton County property records and provide evidence of filing to the City. All builders and property owners in the Development shall adhere to the Design Review Guidelines. The District's Board of Directors may amend the Design Review Guidelines, provided that the spirit of such documents is not diminished and a copy of the amendment is provided to the City within thirty (30) days after adoption. 3.06. Storm Water Guidelines. Owner and the District will comply with the storm water guidelines in place in Denton County at the time of the filing of a preliminary plat approved by the Plan Commission, but will ensure that the Master HOA execute or cause to be executed a maintenance agreement for storm water detention in a form acceptable to the City. 3.07. Plat Approval. Subdivision of the Development or any portion thereof shall require approval of plats by the City's Plan Commission. The conveyance by metes and bounds of any portion of the Development to any person for the purpose of qualifying such person to be a member of the board of directors of the District shall not be considered a subdivision of land requiring a plat or otherwise requiring the approval of the City; provided, however, no Structure shall be constructed on any portion of the Development conveyed for such purpose unless and until a plat of such portion has been approved by the City's Plan Commission. Subdivision of the Development shall not require the approval by the City's Plan Commission of a "Concept Plan" as defined in the Subdivision Regulations 3.08. Temporary Manufactured Housing. A maximum of five temporary HUD - certified manufactured homes shall be permitted on the Development at any given time for occupancy by qualified voters that are necessary for the creation and administration of the District. Owner will notify the City of the make, model, HUD number, and 911 address of each home within 15 days after it is occupied. All manufactured homes will be removed from the Development within 180 days after the District Confirmation Date. Placement of manufactured homes on the Development for such purpose shall not require a Building Permit or Certificate of Substantial Completion; shall not be considered a subdivision of land requiring a plat or other approval of the City, and shall not otherwise be subject to the Governing Regulations; provided, however, utilities shall be provided to the homes in accordance with all applicable regulations of Denton County. 3.09. Enforcement of Environmental Regulations. (A) Cam. Pursuant to Section 212.172(b)(6) of the Local Government Code, the Parties agree that the City may, but is not obligated or required to, enforce environmental regulations set out in Chapter 12.5 of the City Code that are in effect on the Effective Date, including any amendments in effect on the Effective Date. The Parties also agree to any enforcement authority regarding environmental regulations set forth in the Wholesale Water Agreement, Wholesale Wastewater Agreement, and Water and Wastewater Utility Agreement, all as described in the Recitals to this Agreement. Development Agreement Tradition MUD No. 2 of Denton County Page 16 (B) Coup . All water wells and septic systems must be permitted and approved by Denton County. The Environmental Services Department for Denton County will be responsible for permitting any and all water wells and septic systems within the boundary of the District. All required systems will be installed per the guidelines as outlined by the Environmental Services Department in Denton County. 3.10. Amendment of Development Plan. The Development Plan is incorporated as part of this Agreement; however, the interior boundaries of the tracts shown on the Development Plan (including the boundaries of the Open Space) may be adjusted, from time to time, as provided by this Section 3.10. In no event shall the exterior boundaries of the Development be adjusted. Owners of the property affected by any boundary change, with the prior written consent of . Aperion Communities, LLLP, Eladio Properties, LLLP, Drooy Properties, LLLP, Rocksand Investments, LLLP, Justin Ranch 427, LLLP, and Justin Ranch 123, LLLP, shall have the right, concurrently with the filing of any preliminary plat, to adjust the boundaries of the tracts so long as the cumulative effect of all adjustments does not change the area within any tract by more than ten (10) percent (based on the areas that existed on the Effective Date) and does not reduce Open Space or parkland to less than the requirements set out in Section 3.04. Owners of the property affected by any boundary change, with the prior written consent of Aperion Communities, LLLP, Eladio Properties, LLLP, Drooy Properties, LLLP, Rocksand Investments, LLLP, Justin Ranch 427, LLLP, and Justin Ranch 123, LLLP, and the written approval of the Development Director, shall have the right, concurrently, with the filing of any preliminary plat, to further adjust the boundaries of the tracts so long as the cumulative effect of all adjustments does not change the area within any tract by more than 15% (based on the areas that existed on the Effective Date) and does not reduce Open Space or parkland to less than the requirements set out in Section 3.04. All other changes to the Development Plan shall require the consent of Owners of the property affected by the change, the prior written consent of Aperion Communities, LLLP, Eladio Properties, LLLP, Drooy Properties, LLLP, Rocksand Investments, LLLP, Justin Ranch 427, LLLP, and Justin Ranch 123, LLLP, and the approval of the City Council. If the interior boundaries of the tracts shown on the Development Plan are adjusted pursuant to this Section 3.10, the amended Development Plan for the affected tracts will be attached to this Agreement as Exhibit C, and the City will cause the amended exhibits to be attached to the official version of this Agreement on file in the City Secretary's Office. Owner will cause the amended Agreement to be recorded in the Real Property Records of Denton County, Texas, in accordance with Section 10.04. 3.11. Water Wells. No water wells may be drilled within the Development for the purpose of providing potable water; however, wells may be drilled for the purpose of providing irrigation water. All water wells must be permitted and approved by the Denton County Department of Environmental Services. 3.12. Gas Wells. Notwithstanding the provisions of the Gas Drilling Ordinance or the Fire Code, Owner is hereby permitted to construct buildings and establish parks (private or public) 200 feet from any gas well, as calculated from the well bore, in a straight line, without A egard to intervening structures or objects, to the closest exterior point of any structure or park property line, provided that, prior to the Owner's sale of any lots in the Development, Owner causes a notice to be recorded in the Real Property Records of Denton County, Texas that Development Agreement Tradition MiJD No. 2 of Denton.County Page 17 advises property owners within the Development that (1) gas wells may be located within the Development and (2) the foregoing provisions of this Section 3.12 apply to the Development. 3.13. Building Permits. All Structures constructed in the Development shall be subject to City building permit, permit fee and inspection requirements as if such Structures were constructed with the City's corporate limits. Each builder shall be required to use a Certified Inspector. Removal of Certified Inspector. The Development Director may revoke his or her approval of a Certified Inspector who issues a building permit and does not comply with all Building Codes and Governing Regulations. 3.15. Inspection Rights. The City, Owner, and the District shall have the right, but not the obligation, to inspect, from time to time, any Structure under construction to determine compliance with the Building Codes and with Section 3.01 of this Agreement and to "red -tag" any Structure for non-compliance. If any inspection conducted pursuant to this Section 3.15 results in the "red -tagging" of a Structure, and if.the Builder fails to correct the non-compliance within a reasonable time period to the satisfaction of the Party that red -tagged the Structure and the Certified Inspector, any of the City, Owner, and the District will be entitled to enforce compliance and to prevent the occupancy of the Structure by the issuance through the Certified Inspector of a "stop -work order" (or through the Party that red -tagged the . Structure if the Certified Inspector refuses to issue a "stop -work order") until the non-compliance is corrected to the reasonable satisfaction of the Certified Inspector and the Party that red -tagged the Structure. All costs and expenses paid or incurred by the City, Owner, or the District in exercising their rights under this Section 3.15 shall be paid by the Builder. Compliance of all Structures with the requirements of the Building Codes and Article III of this Agreement shall be the responsibility A the Builder. Notwithstanding the foregoing, if the Builder of the non -complying Structure is not also the Owner of the underlying property, then such Owner will also be responsible for correcting such non-compliance and paying any costs and expenses paid or incurred by the City or the District in exercising their rights under this Section 3.15. 3.16. Contracts with Builders. If a Builder is not an Owner, then the Owner who contracts with such Builder shall incorporate the requirements of this Article II into a written construction contract with the Builder. All contracts with such non -Owner Builders shall provide that the City is a third -Party beneficiary of, and may enforce, the contracts against the Builder. 3.17. Approval by Denton County No Road or Drainage Maintenance by County. Execution of this Agreement by the Parties is subject to approval of this Agreement by the Denton County Commissioners Court. Upon approval of this Agreement by the Commissioners Court, Denton County and the Parties agree that all plan review, inspection, plat review and approval, and all other actions and approvals relating to development of the Development shall be performed solely by the City in accordance with this Agreement, with the exception of any flood control structures, floodplain improvements and connections to County Roads. All roads and drainage improvements within the Development shall be maintained by the District, the Master HOA or one or more of the neighborhood HOAs. Denton County shall have no duty to Development Agreement Tradition MUD No: 2 of Denton County Page 18 maintain any roads within the Development. The District shall be required to comply with the Denton County Storm Water Management Regulations and maintenance standards. 3.18. Prohibited Uses. No portion of the Development shall be used in a manner that produces a Significant Industrial Discharge. 3.19. Enforcement. The City and Owner agree that this Agreement and Section 212,172 of the Local Government Code authorizes enforcement by the City of the Governing Regulations, as modified hereby and applied to the Development under this Agreement, within the Development. 3.20. Conflicts. In the event of a conflict or discrepancy between any Governing Regulations and the provisions set forth in Section 3.02 through Section 3.19 of this Agreement, said provisions of this Agreement shall control. In the event of a conflict between the Special Regulations and any other provisions of this Agreement, the Special Regulations shall control. ARTICLE IV DESIGN, CONSTRUCTION, INSPECTION, DEDICATION, OPERATION AND MAINTENANCE OF DISTRICT FACILITIES 4.01. Infrastructure Standards. All Infrastructure shall be designed and constructed in compliance with: (a) the Governing Regulations; (b) the rules and regulations, if any, of the District; and (c) the rules and regulations of the TCEQ. In the event of any conflict between the Governing Regulations and the rules and regulations of the District, the Governing Regulations shall control unless otherwise agreed in writing by the Development Director, 4.02. Additional Construction Standards for Water Utility Infrastructure. The water utility Infrastructure serving the Development must be constructed using the same type, or a compatible type, of meters, valves, meter boxes and service lines used by the City for its municipal water system; provided, however, that automated meter reading ("AMR") -compatible may be used. 4.03. Plan Review• Payment of Fees; and Pre -Construction Conference. Construction of Infrastructure shall not commence until the plans and specifications have been reviewed and approved by the City for compliance with the Governing Regulations; a pre -construction conference has been held by the Contractor, the District's engineer and representatives of the City's Department of Engineering; and the applicable City Review Fees have been paid. At such pre -construction conference, the Department of Engineering shall designate City employees to serve as the project inspector (the "City Inspector") for purposes of this Article IV. 4.04. Community Facilities Agreements.. Construction of Infrastructure shall not commence until Owner has executed a Community Facilities Agreement in accordance with the CFA Policy. Notwithstanding the Governing Regulations, the City shall not participate in the cost of construction of any Infrastructure unless the City requires the construction of Infrastructure that exceeds that which is roughly proportionate to the impact of the Development. Development Agreement Tradition MIJD No. 2 of Denton County Page 19 4.05. Inspections by Third Party Inspectors. Except as otherwise provided in this Section 4.05, inspectors retained by the Owner or Contractor and approved by the City (which approval shall not be unreasonably withheld or delayed) shall perform or cause to be performed all inspections and testing of the construction of Infrastructure for compliance with this Article III. The Owner or Contractor, as applicable, shall submit the names, addresses and phone numbers of such inspectors simultaneously with submittal of plans in accordance with Section 4.03. Construction of Infrastructure shall not commence until .such inspectors have been approved by the City. Owner or Contractor shall cause the inspectors to provide copies of all inspection and testing reports to the City Inspector. All costs of such Third Party Inspectors shall be paid by Owner and Contractor. 4.06. Termination of Third Party Inspectors. The City has the right to terminate any Third Party Inspector retained by the Owner or Contractor pursuant to Section 4.05 if the inspector: (i) fails to properly perform inspections and testing to ensure construction in compliance with this Article IV; or (ii) fails to provide copies of inspection and testing reports to the City's Department of Engineering. Upon termination of any Third Party Inspector, the City, at its option, may allow the use of another approved Third Party Inspector or perform all necessary inspections and testing. Should the City elect to perform inspections and testing for compliance with this Article IV pursuant to this Section 4.06, the City shall perform such inspections and testing in a timely manner (which inspections shall satisfy all applicable requirements of the TCEQ) and the Owner and Contractor shall pay Infrastructure Inspection Fees in accordance with Section 5.02(A). 4.07. Inspections. (A) City. The City has the right, but not the obligation, to inspect and test the Infrastructure at any time. Further, the City has the right to participate in a final inspection of all Infrastructure. The Contractor shall notify the City Inspector when Infrastructure is ready for final inspection. If the City Inspector concurs that construction of the Infrastructure is substantially complete, the City Inspector will schedule a final inspection by the City within 30 days. Upon final inspection and correction of any punch list items, written certification by the City Inspector that Infrastructure has been constructed in compliance with the Governing Regulations shall constitute compliance with Sections 4.01, 4.02, 4.03, 4.04, 4.05 and 4.09. Notwithstanding anything contained herein, the City shall have the right to charge Infrastructure Inspection Fees for such inspections and testing only if the City performs inspections and testing pursuant to Section 4.06. (B) County. The County will inspect all flood control structures and connections to County Roads. The County's responsible department will be responsible for conducting these inspections and agrees to do so within a timely manner in accordance with the Denton County Subdivision Rules and Regulations. 4.08. Contracts with Contractors. If a Contractor is not an Owner, then the Owner shall incorporate the requirements of this Article IV into a written construction contract with the Contractor. All contracts with such non -Owner Contractors shall provide that the City is a third - party beneficiary of and may enforce the contracts against the Contractor. Development Agreement Tradition MUD No. 2 of Denton County Page 20 4.09. Access by City Employees. Upon prior Notice by the City, any duly authorized employee of the City bearing proper credentials and identification shall be granted access to any property of the District within the Development as the City may determine necessary for the purpose of inspection and testing of Infrastructure. 4.10. As -Built Drawings. The District shall deliver mylar as -built drawings for all Infrastructure to the City's Engineering Department within thirty (30) days after final inspection. ARTICLE V DEVELOPMENT FEES 5.01. Review Fees. (A) City Review Fees. Subdivision of the Development and review of construction plans for Infrastructure will be subject to the payment of City Review Fees. City Review Fees shall not exceed the same or similar fees charged for development in other parts of the City's corporate limits or ETJ. (B) County Review Fees. County Review Fees will be applied to the areas as identified in Section 4.07(B). All floodplain, flood control structures and connections to County Roads will be reviewed by the Denton County Department of Public Works. The fees will be in accordance with the County Subdivision Rules and Regulations and shall be payable to the County. 5.02. Infrastructure Inspection Fees. (A) City Infrastructure Inspection Fees. If the City elects to perform Infrastructure inspections in accordance with Section 4.07 of this Agreement, such inspections shall be subject to the payment of Infrastructure Inspection Fees. Infrastructure Inspection Fees shall not exceed the same or similar fees charged for inspections in other parts of the City's corporate limits or ETJ. (B) County Infrastructure Inspection Fees. control County inspection of floodplainflood 5.03. Other Development Fees. Use and development of land within the Development may be subject to fees and charges that are in addition to the City Review Fees and, if applicable under Section 4.07, Infrastructure Inspection Fees. Such additional fees and charges may include, but are not limited to, impact fees, fees related to gas drilling and other fees necessitated by and attributable to the Development. The failure of this Agreement to address or identify such additional fees and charges does not constitute a waiver of such fees and charges. Development Agreement Tradition MUD No. 2 of Denton County Page 21 ARTICLE VI DIVISION OF THE DISTRICT / ANNEXATION 6.01. Continuation of ETJ Status. Except as provided in Sections 6.03, 6.04 and 6.06 of this Agreement, the Development shall remain in the City's ETJ during the term of this Agreement, and the City guarantees the continuation of the ETJ status of the Development during such term. 6.02. Immunity from Annexation. Except as provided in Sections 6.03, 6.04 and 6.06 of this Agreement, the Development shall be immune from annexation during the term of this Agreement, and the City guarantees immunity from annexation during such time. 6.03. Full Purpose Annexation. During the term of this Agreement, the City shall have the right, but not the obligation, to annex all of the Development (or a portion of the Development to the extent permitted by law) for full purposes on or after the earlier to occur of: (i) the date that construction of water, sanitary sewer, drainage and road facilities to serve 90%. of the Development is complete; or (ii) the dissolution of the District (other than as the result of annexation by the City). Further, the City may annex all or part of the Development at any time after termination of the Agreement in accordance with Article VII. Such authority is in addition to the authority to annex portions of the Development pursuant to Section 6.06. 6.04. .Limited Purpose Annexation. Owner agrees that the City shall have the right to annex those portions of the Development that are intended for retail development for the sole and limited purpose for the City to impose its sales and use tax within the boundaries of such retail areas pursuant to Section 43,0751 of the Local Government Code. The terms and conditions upon which such limited purpose annexations may occur are contained in the Strategic Partnership Agreement, 6.05. Incorporation. In furtherance of the purposes of this Agreement, Owner, on behalf of itself and its successors and Assignees, covenants and agrees to the extent allowed by law that, except upon written consent of the City Council, which approval may be withheld or conditioned by the City Council at its sole discretion, they will not: (i) seek or support any effort to incorporate the Development, or any part thereof; or (ii) sign, join in, associate with, or direct to be signed any petition seeking to incorporate any of the Development or to include any of the Development within the boundaries of any other incorporated entity. 6.06. Annexation of Portions of Development. (A) Owner agrees to cooperate with and assist the City in annexing one or more areas in the manner prescribed by law which does not result in the dissolution of the District, each of which may not exceed 525 feet in width at its widest point or such other width limitation subsequently imposed by law, as reasonably necessary. for the City to connect areas to the City that are outside the District and that the City intends to annex. Notwithstanding the zoning designation approved for the annexed area, such area can be developed and used in accordance with this Agreement. No District created by the division of the area shall contain, at its time of creation, less than 300 acres or more than 500 acres without the prior written consent of the City Council of the City of Fort Worth, Development Agreement Tradition MUD No. 2 of Denton County Page 22 The City may refuse to issue building permits or refuse to commence water service until such area is within a District that has been divided to include between 300 and 500 acres. (B) Provided that construction of all water, sanitary sewer, drainage and road facilities located within a District (including all such facilities serving areas inside such District, outside such District or both) is complete, the City shall have the right, but not the obligation, to annex for full purposes (to the extent permitted by law) the portion of the area of the Development located within such District. 6.07. Procedure for Full Purpose Annexation. The City and the Owner acknowledge that the Development is exempt from municipal annexation plan requirements pursuant to Section 43.052(h)(3)(B) of the Local Government Code. Owner shall endeavor to cause the District to consent, on its behalf and on behalf of all current and future owners of land included within the District Boundaries, to full purpose annexation of the District in accordance with the procedure applicable to areas exempted from the municipal annexation plan set out in Chapter 43 of the Local Government Code, Subsection C4, or, if amended, pursuant to the most comparable annexation procedure. ARTICLE VII TERM OF AGREEMENT . 7.01. This Agreement is a development agreement authorized by Section 212.172 of the Texas Local Government Code. This Agreement will terminate on the earlier to occur or (i) fifteen (15) years from the Effective Date; or (ii) full purpose annexation of the Development pursuant to Section 6.03. Further, if creation of the original District has not been confirmed at an election conducted before September 1, 2011, either Party may terminate this Agreement by providing Notice to the other Party. The term of this Agreement shall not be affected by the annexations permitted by Section 6.06 of this Agreement or by the limited purpose annexation of any commercial property pursuant to the Strategic Partnership Agreement. ARTICLE VIII DEDICATION OF PROPERTY FOR CITY FACILITY 8.01. Site Reservation. Owner agrees to reserve within Tracts 50 and 72 sites having a minimum area of 2.O acres to be used exclusively for a City Facility (the "City Facility Site"). Until the City Facility Site is conveyed to the City pursuant to Section 8.02, Owner shall have the right to use the City Facility Site (a) for public or private park or public or private open space purposes (including, but not limited to, hike and bike trails, park benches, landscaping, fountains,. sports fields, playgrounds and playground equipment, and paved parking, areas and (b) for any other purposes with the prior written consent of the City. After conveyance of the City Facility Site to the City pursuant to Section 8.02, Owner may landscape, irrigate, mow, and maintain the City Facility Site and, with the City's written consent, continue to use the City Facility Site for the foregoing purposes. Owner agrees to mow the City Facility Site and to maintain the City Facility Site, and all improvements constructed or located thereon, in good condition at all times Development Agreement Tradition MUD No. 2 of Denton County Page 23 until the City Facility Site is conveyed to the City pursuant to Section 8.02 and thereafter while Owner continues to use the City Facility Site with the City's consent. Owner shall cause all such improvements to be removed at Owner's cost within sixty (60) days after termination of Owner's right to use the City Facility Site in accordance with this Section 8.01, 8.02. Conveyance to City. Owner agrees to convey or cause to be conveyed to the City the City Facility Site by special warranty deed (lien free but otherwise subject to all matters of record that do not materially adversely affect the use of the property) within ninety (90) days after receipt of the City's written request. The City may obtain a survey of the City Facility Site and title insurance at the City's expense. The conveyance documents shall reserve to Owner the right to approve building elevations and exterior construction materials for the City Facility to be constructed on the City Facility Site (which elevations and materials shall be compatible with the elevations and materials of other commercial development within the Development and which approval by Owner shall not be unreasonably withheld or delayed). 8.03. Reverter. The conveyance shall be subject to an automatic reverter of title in Favor of the Owner unless prior to the 151h anniversary of the Effective Date of this Agreement, the City has awarded a contract to construct a City Facility on the City Facility Site, in which case Owner's possibility of reverter shall automatically terminate as of the date on which the City awards the construction contract and regardless of when construction of the City Facility actually commences. This Article VIII shall survive the expiration or early termination of this Agreement. ARTICLE IX BREACH, NOTICE AND REMEDIES 9.01. Notification of Breach. If a Party commits a breach of this Agreement, the non -breaching Party shall give Notice to the breaching Party that describes the breach in reasonable detail. 9.02. Cure of Breach. The breaching Party shall commence curing such breach within fourteen (14) calendar days after receipt of such Notice and shall complete the cure within fourteen (14) calendar days from the date of commencement of the cure; however, if the breach is not reasonably susceptible to cure by the breaching Party within such fourteen (14) day period, the non -breaching Party shall not bring any action so long as the breaching Party has commenced to cure the default within such fourteen (14) day period and diligently completes the work within a reasonable time (not to exceed an additional thirty (30) days) without unreasonable cessation of the work. 9.03. Remedies for Breach. If the breaching Party does not substantially cure such breach within the stated period of time, the non -breaching Party may, in its sole discretion, and without prejudice to any other right under, -this Agreement, law, or equity, seek any relief available at law or in equity, including, but not limited to, an action under the Uniform Declaratory Judgment Act, specific performance, mandamus and injunctive relief; provided, however, that the non -breaching- Party shall not be entitled to monetary damages or to terminate this Agreement, and each Party specifically waives any right such Party has or in the future may have to terminate this Agreement (except for the right of the Parties to terminate as provided in Development Agreement _ Tradition MiID No. 2 of Denton County Page 24 Article VII of this Agreement). It is understood and agreed that no Party will seek or recover actual, consequential or any other type of monetary damages or awards, including but not limited to attorney's fees, in the event that any Party brings suit under or related to this Agreement. Moreover, Aperion Communities, LLLP, Eladio Properties, LLLP, Drooy Properties, LLLP, Rocksand Investments, LLLP, Justin Ranch 427, LLLP, and Justin Ranch 123, LLLP; are jointly and severally liable for the obligations of Owner when it is a breaching Party under this Agreement, and the City may pursue its remedies for breach against any one or more of them. Governmental Powers; Waiver of Immunity. It is understood that by execution of this Agreement the City does not waive or surrender any of its governmental powers, immunities or rights, except as specifically waived pursuant to this Section 9.04. The City waives its governmental immunity from suit and liability only as to any action brought by a Party to pursue the remedies available under this Agreement and only to the extent necessary to pursue such remedies. Nothing in this Section 9.04 shall waive any claims, defenses or immunities that the City has with respect to suits against the City by persons or entities not a Party to this Agreement. 9.05. Division of the District. The City hereby consents to division of the District as provided by, and in accordance with, the District Legislation and the Consent Resolution. 9.06. Other Documents. The City agrees to present to the City Council for consideration of the execution of such further documents *as may reasonably be requested by Owner, the TCEQ, the Texas Attorney General or any District to evidence the City's consents as set forth in this Agreement and in the Consent Ordinance. 9.07. No Limitation of Powers. Nothing in this Article is intended to limit, impair, or conflict with the authority of or powers granted to a District by the Texas Constitution, Texas Water Code, Texas Local Government Code, or any other current law applicable to such districts except where such authority or power is exercised in contravention to the terms hereof. ARTICLE X ADDITIONAL PROVISIONS 10.01. Notice. Any notices, certifications, approvals, or other communications required to be given by one Party to another under this Agreement (a "Notice") shall be given in writing addressed to the Party to be notified at the address set forth below and shall be deemed given: (i) when the Notice is delivered in person to the person to whose attention the Notice is addressed; (ii) when received if the Notice is deposited in the United States Mail, certified or registered mail, return receipt requested, postage prepaid; (iii) when the Notice is delivered by Federal Express, UPS, or another nationally recognized courier service with evidence of delivery signed by any person at the delivery address; and (iv) five business days after the Notice -is sent by FAX with electronic confirmation by the sending FAX machine) with a confirming copy sent by United States mail within 48 hours after the FAX is sent. If any date or period provided in this Agreement ends on a Saturday, Sunday, or legal holiday, the applicable period for calculating the notice shall be extended to the first business day following the Saturday, Sunday, or legal holiday. For the purpose of giving any Notice, the _addresses of the Parties are set forth below. Development Agreement Tradition MUD No. 2 of Denton County Page 25 The Parties may change the information set forth below by sending Notice of such changes to the other Party as provided in this Section 10.01. To the City: City %J Fort Worth, Texas 1000 Throckmorton Street Fort Worth, Texas 76102 Attn: City Manager FAX: (817) 392-6134 City of Fort Worth, Texas 1000 Throckmorton Street Fort Worth, Texas 76102 Attn: Development Director FAX: (817) 392-7985 To Owner: Aperion Communities, LLLP 7835 East Redfield Road, Suite 100 Scottsdale, Arizona 85260 Attn: Gary Lane FAX: (480) 951-8414 Eladio Properties, LLLP 7835 East Redfield Road, Suite 100 Scottsdale, Arizona 85260 Attn: Gary Lane FAX: (480) 951-8414 Drooy Properties, LLLP 7835 East Redfield Road, Suite 100 Scottsdale, Arizona 85260 Attn: Gary Lane FAX: (480) 9514414 Rocksand Investments, LLLP 7835 East Redfield Road, Suite 100 Scottsdale, Arizona 85260 Attn: Gary Lane FAX: (480) 9514414 Justin Ranch 427, LLLP Development Agreement Tradition MUD No. 2 of Denton County Page 26 7835 East Redfield Road, Suite 100 Scottsdale, Arizona 85260 Attn: Gary Lane FAX: (480) 9514414 Justin Ranch 1239 LLLP 7835 East Redfield Road, Suite 100 Scottsdale, Arizona 85260 Attn: Gary Lane FAX: (480) 9514414 10.02. Assignment. (A) � Owner to the District. Owner has the right (from time to time after the District Confirmation Date and without the consent of the City) to assign to the District those portions of this Agreement concerning the provision of retail water and/or wastewater service to the Development and any Infrastructure related thereto, including any obligation, right, title, or interest of Owner under this Agreement. Each assignment shall be in writing in the form attached hereto as Exhibit H, shall be executed by Owner and the District and shall obligate the District to be bound by this Agreement to the extent this Agreement applies or relates to the obligations, rights, title, or interests being assigned. Owner shall provide a copy of each assignment to all Parties within 15 days after execution. From and after such assignment, the City agrees to look solely to the District for the performance of all obligations assigned to the District and agrees that Owner shall be released from subsequently performing the assigned obligations and from any liability that results from the District's failure to perform the assigned obligations; provided, however, if. a copy of the assignment is not received by the City within 15 days after execution, Owner shall not be released until the City receives such assignment. No assignment by Owner shall release Owner from any liability resulting from an act or omission by Owner that occurred prior to the effective date of the assignment unless the City approves the release in writing. Owner shall maintain written records of all assignments made by Owner to the District, including a copy of each executed assignment, and, upon written request from any Party or Assignee, shall provide a copy of such records to the requesting person or entity. The District shall be considered an "Assignee" for purposes of this Agreement. (B) By Owner to Successor Owners. Owner has the right (from time to time without the consent of the City, but upon. written Notice to the City) to assign this Agreement, in whole or in part, and including any obligation, right, title, or interest of Owner under this Agreement, to an Assignee that is an owner of any portion of the Development or will become an owner of any portion of the Development within 15 days after the assignment an "Assignee'). Each assignment shall be in writing in the form attached hereto as Exhibit H, shall be executed by Owner and the Assignee and shall obligate the Assignee to be bound by this Agreement to the. extent this Agreement applies or relates to the obligations, rights, title, or interests being assigned. Owner shall provide a copy of each assignment to all Parties within 15 days after execution. From and after such assignment, the City agrees to look solely to the Assignee for the performance of all obligations Development Agreement Tradition MUD No. 2 of Denton County Page 27 assigned to the Assignee and agrees that Owner shall be released from subsequently performing the assigned obligations and from any liability that results from the Assignee's failure to perform the assigned obligations; provided, however, if a copy of the assignment is not received by the City within 15 days after execution, Owner shall not be released until the City receives .such assignment. No assignment by Owner shall release Owner from any liability resulting from an act or omission by Owner that occurred prior to the effective date of the assignment unless the City approves the release in writing. Owner shall maintain written records of all assignments made by Owner to Assignees, including a copy of each executed assignment and the Assignee's Notice information as required by this Agreement, and, upon written request from any Party or Assignee, shall provide a copy of such records to the requesting person or entity. (C) By Owner to Non -Owners. Subject to the City's prior written approval, Owner has the right, from time to time, to assign this Agreement, in whole or in part, and including any obligation, right, title, or interest of Owner under this Agreement, to any person or entity that is not an owner of any portion of the Development (a "Non -Owner Assignee"). Each assignment shall be in writing executed by Owner and the Non -Owner Assignee in the form attached hereto as Exhibit H and shall obligate the Non -Owner Assignee to be bound by this Agreement to the extent this Agreement applies or relates to the obligations, rights, title, or interests being assigned. A copy of each assignment shall be provided to all Parties within 15 days after execution. If the City approves the Non -Owner Assignee in writing (which approval shall not be unreasonably withheld or delayed if the Non -Owner Assignee can demonstrate, to the reasonable satisfaction of the City, that the Non -Owner Assignee has the financial ability to perform the assigned obligations), then the City agrees to look solely to the Non -Owner Assignee for the performance of all obligations assigned to the Non -Owner Assignee and agrees that Owner shall be released from subsequently performing the assigned obligations and from any liability that results from the Non -Owner Assignee's failure to perform the assigned obligations. If the City fails or refuses to approve the Non -Owner Assignee, the assignment shall nevertheless be effective; however, the Owner shall continue to be responsible, jointly and severally, with the Non -Owner Assignee for the performance of all obligations assigned. No assignment by Owner shall release Owner from any liability resulting from an act or omission by Owner that occurred prior to the effective date of the assignment unless the City approves the release in writing. Owner shall maintain written records of all assignments made by Owner to Non -Owner Assignees, including a copy of each executed assignment and the Non -Owner Assignee's Notice information as required by this Agreement, arid, upon written request from any Party or Non -Owner Assignee, shall provide a copy of such records to the requesting person or entity. (D) By the City. The City shall not assign this Agreement, in whole or in part, and including any obligation, right, title, or interest of the City under this Agreement, to any person, entity, or political subdivision without the prior written approval of Owner, which approval shall not be unreasonably withheld or delayed. 10.03. Encumbrance by Owner and Assignees. Owner and Assignees have the right, from time to time, to collaterally assign, pledge, grant a lien or security interest in, or otherwise encumber any of their respective rights, title, or interest under this Agreement for the benefit of Development Agreement Tradition MiJD No. 2 of Denton County Page 28 their respective Lenders without the consent of, but with prompt written Notice to, the City. The collateral assignment, pledge, grant of lien or security interest, or other encumbrance shall not, however, obligate any Lender to perform any obligations or incur any liability under this Agreement: (a) unless the Lender agrees in writing to perform such obligations or incur such liability; or (b) unless the Lender becomes an Assignee pursuant to this Section 10.03. A Lender becomes an Assignee with respect to any. portion of the Development only when: (a) the Lender holds fee simple title to such portion of the Development for more than one year; or (b) holds fee simple title to such portion of the Development and takes any action to develop such portion of the Development (excluding action ordinarily and customarily taken by lenders to protect the value of unimproved land and to prepare such unimproved land for sale to prospective purchasers). Notwithstanding the foregoing, however, this Agreement shall continue to bind the Development and shall survive any transfer, conveyance, or assignment occasioned by the exercise of foreclosure or other rights by a Lender, whether judicial or non judicial. Any purchaser from or successor owner through a Lender of any portion of the Development shall be bound by this Agreement and shall not be entitled to the rights and benefits of this Agreement with respect to the acquired portion of the Development until all defaults under this Agreement with respect to the acquired portion of the Development have been cured. 10.04. Recordation and Applicability to Lot Owners. Pursuant to the requirements of Section 212.172(c) of the Local Government Code, Owner shall record this Agreement, and all amendments to this Agreement, in the Real Property Records of Denton County, Texas, and shall provide a file -marked copy of the recorded Agreement to the Development Director within ten (10) days after its execution. This Agreement shall be binding upon the Development, the City, Owner, any Lender that has become an Assignee, and any other Assignee, and their respective successors and assigns. The Parties agree that this Agreement benefits and burdens the Development and touches and concerns the Development. The rights and obligations under this Agreement are intended to be covenants running with the Development. Notwithstanding the foregoing, this Agreement is not binding upon, and shall not constitute any encumbrance to title as to any Lot Owner except for land use and development regulations that apply to the lot in question. 10.05. Mn Waiver. Any failure by a Party to insist upon' strict performance by the other Party of any material provision of this Agreement shall not be deemed a waiver thereof, and the Party shall have the right at any time thereafter to insist upon strict performance of any and all provisions of this Agreement. No provision of this Agreement may be waived except by writing signed by the Party waiving such: provision. Any waiver shall be limited to the specific purposes for which it is given. No waiver by any Party hereto of any term or condition of this Agreement shall be deemed or construed to be a waiver of any other term or "condition or subsequent waiver of the same term or condition. 10.06. Reservation of Rights and Claims. This Agreement constitutes a "permit" as defined in Chapter 245, Texas Local Government Code, as amended, that is deemed filed with the City on the Effective Date. Except as expressly provided in this Agreement, Owner does not, by entering into this Agreement, waive any rights arising under Chapter 245, as amended, or under Chapter 43 of the Local Government Code, as amended, or under any other provision of law. Development Agreement Tradition MUD No. 2 of Denton County Page 29 10.07. Governing Law and Venue. THIS AGREEMENT MUST BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS, AS THEY APPLY TO CONTRACTS PERFORMED WITHIN THE STATE OF TEXAS AND WITHOUT REGARD TO ANY CHOICE OF LAW RULES OR PRINCIPLES TO THE CONTRARY. THE PARTIES ACKNOWLEDGE THAT THIS AGREEMENT IS PERFORMABLE IN TARRANT COUNTY, TEXAS, AND HEREBY SUBMIT TO THE JURISDICTION OF THE COURTS OF TARRANT COUNTY, TEXAS, AND HEREBY AGREE THAT ANY SUCH COURT SHALL BE A PROPER FORUM FOR THE DETERMINATION OF ANY DISPUTE ARISING HEREUNDER. 10.08. Performance Requirements; Force Majeure. Time is of the essence in the performance by the Parties of their respective obligations under this Agreement. Whenever performance is required, the Party must use good faith and due diligence to perform and take all necessary measures to perform, but if completion of performance is delayed by reason of acts of God, civil commotion, terrorism, strikes, picketing, casualty, or other similar matter beyond the reasonable control of the Party, then the time for performance will be appropriately extended by the amount of delay so caused, and the Party so delayed shall resume full performance at the earliest possible time. 10.09. Severability. The provisions of this Agreement are severable and, in the event any word, phrase, clause, sentence, paragraph, section, or other provision of this Agreement, or the application thereof to any person or circumstance, shall ever be held or determined to be invalid, illegal, or unenforceable for any reason, and the extent of such invalidity or unenforceability does not cause substantial deviation from the underlying intent of the parties as expressed in this Agreement, then such provision shall be deemed severed from this Agreement with respect to such person, entity or circumstance, without invalidating the remainder of this Agreement or the application of such provision to other persons, entities or circumstances, and a new provision shall be deemed substituted in lieu of the provision so severed which new provision shall, to the extent possible, accomplish the intent of the Parties evidenced by the provision so severed. 10.10. Changes in State or Federal Laws. If any state or federal law changes so as to make it impossible for a Party to perform its obligations under this Agreement, the Parties will cooperate to amend this Agreement in such a manner that is most consistent with the original intent of this Agreement as legally possible. 10.11. Additional Documents and Acts. The Parties agree that at any time after execution %J this Agreement, they will, upon request of the other Party, execute and/or exchange any other documents necessary to effectuate the terms of this Agreement and perform any further acts or . things as the other Party may reasonably request to effectuate the terms of this Agreement. Without limiting the foregoing, the Parties agree to substitute one or more revised exhibits following approval of a final plat for all or any portion of the Development and to substitute Exhibit C if the Development Plan is amended pursuant to Section 3.10. 10.12: Captions. Captions and headings used in this Agreement are for reference purposes only and shall not be deemed a part of this Agreement. Development Agreement Tradition MUD No. 2 of Denton County Page 30 10.13. Amendment. This Agreement may be amended only with the written consent of the Parties and with the approval of the City Council, except as expressly permitted herein. 10.14. Interpretation. The Parties acknowledge that each Parry and, if it so chooses, its counsel have reviewed and revised this Agreement and that the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this Agreement or any amendments or exhibits hereto. As used in this Agreement, the term "including" means "including without limitation" and the term "days" means calendar days, not business days. Wherever required by the context, the singular shall include the plural, and the plural shall include the singular. Each defined term herein may be used in its singular or plural form whether or not so defined. 10.15. No Third Party Beneficiaries. This Agreement is solely for the benefit of the City and Owner, and neither the City nor Owner intends by any provision of this Agreement to create any rights in any third -party beneficiaries or to confer any benefit or enforceable rights under this Agreement or otherwise upon anyone other than the City and Owner. Notwithstanding the foregoing, the City and Owner intend that the District shall be a third -party beneficiary of this Agreement. 10.16. Authority to Execute. The City warrants that this Agreement has been approved by the City Council in accordance with all applicable public meeting andj public notice requirements (including, but not limited to, notices required by the Texas Open Meetings Act) and that the individual executing this Agreement on behalf of the City has been authorized to do so. Each Owner warrants that the execution of this Agreement is duly authorized in conformity with the articles of incorporation, bylaws, partnership agreement or other applicable organizational documents of each Owner and that the individual executing this Agreement on behalf of such Owner has been authorized to do so. Each Assignee or Lender who becomes a Party to - this Agreement represents and warrants that this Agreement has been approved by appropriate action of such Assignee or Lender and that the individual executing this Agreement on behalf of such Assignee or Lender has been authorized to do so. 10.17. Exhibits. All exhibits attached to this Agreement are incorporated as part of this Agreement for the purposes set forth herein, as follows: Exhibit A Exhibit B Map of Tradition 10.18, Takings Impact Assessment. Owner expressly and unconditionally waives and releases the City from any obligation to perform a takings impact assessment under the Texas Private Real Property Rights Act, Texas Government Code Chapter 2007, as it may apply to this Agreement or the Development. Development Agreement Tradition MUD No. 2 of Denton County Page 31 10.19. Conspicuous Provisions. The Parties acknowledge that the provisions of this Agreement set out in bold, CAPITALS (or any combination thereof) satisfy the requirements for the express negligence rule and/or are conspicuous. 10.20. Counterpart Originals. This Agreement may be executed in counterparts, each of which shall be deemed to be an original. Development Agreement Tradition MUD No. 2 of Denton County Page 32 APPROVED AS TO FORM AND LEGALITY: Assistant C� Attorney STATE OF TEXAS § COUNTY OF TARRANT § CITY OF FORT WORTH rernandc Cosi"a ,Assistant City Manager Date: S/21 /®8 ack:g�j C 4JL Y Contract Authorisation I /C;go'y Date: This instrument was acknowledged before me, on Inc day of by Assistant City Manager of the City of Fort Worth, Texas on behalf of said City. aR�r;1.PY,e�b HETTIE LANE MY COMMISSION EXPIRES =July 26, 2011 Q104m504 GSA ?U RA N ic, State of Printed Name: My Commission Expires: APERION COMMUNITIES, LLLP, an Arizona limited liability limited partnership. rt By: North Fort Wo h Management Inc., a Texas corporation, G al Partner By: David Muniatis, President Date: Ile, 1 0$ Development Agreement Tradition MUD No. 2 of Denton County Page 33 ELADIO PROPERTIES, LLLP, an Arizona limited liability limited partnership. By: IN Fort Worth Management Inc., a Texas corpora By: P. Maniatis, President Date: DROOY PROPERTIES, LLLP, an Arizona limited liability limited partnership. By: North Fort Worth Management Inc., a Texas corpor ion, ral Partner By: David P. Maniatis, President Date: 1 iyl D � ROCKSAND INVESTMENTS, LLLP, an Arizona limited liability limited partnership. By: North Fort Worth Management Inc., a Texas corporative, veneral Partner By: David P. Maniatis, President Date: � D JUSTIN RANCH 427, LLLP, an Arizon limited liability limited partnership. By: Aperion Communities, LLLP, General Partner By: North Fort Worth Management Inc., a Texas corpora tio , G neral Partner By: David P. Maniatis, President Date: Development Agreement Tradition MUD No. 2 of Denton County Page 34 JUSTIN RANCH 1205, LLLP, an Arizon limited liability limited partnership. By: Aperion Communities, LLLP, General Partner By: North Fort Worth Management Inc., General Partner By: David P. Maniatis, President Date: STATE OF A'Y'120YI� § COUNTY OF r j M12 § This instrument was acknowledged before me on a,�, �, 2008, by David P. Maniatis, in his capacity as President of North Fort Worth I lanagement Inc., a Texas corporation, the General Partner for each of Aperion Communities, LLLP, Eladio Properties, LLLP, Drooy Properties, LLLP, and Rocksand Investments, LLLP, each an Arizona limited liability limited partnership, on behalf of said limited partnerships. ^ quWay FUM • StYMd Afro, Mfy Ocom. E"W Oct 31 2010 ._.._.._.._.._.._.._..�..~ _. ._. / STATE OF �j'I ZOY1.(J� § COUNTY OF rA are Cop. ate— § N ry Public, Sta''te offs Q �-� ��_ Printed Name: lIKX I �+-(,n Q0A)L-e o My Commission Expires: � 3 0 This instrument was acknowledged before me on �, 2008, by David P. Maniatis, in his capacity as President of North Fort Worth anagement Inc., a Texas corporation, the General Partner for Aperion Communities, LLLP, an Arizona limited liability limited partnership, which is the General Partner for Justin Ranch 427, LLLP and Justin Ranch 123, LLLP, each an Arizona limited liability limited partnership, on behalf of said limited partnerships. OftiONL�JIL i{i Fff�IBTEN ROIM.EY tmyAao•ew.a�non. tMARIOOM COUNTY Ncitary Public, State of KI Printed Name: I 5�� Ou.[TiW4 My Commission Expires: /0 13 a D / 0 0 Development Agreement Tradition MUD No. 2 of Denton County Page 35 --.1 1 :i 1 1�' By: Title: Date: STATE OF COUNTY C by saic �N COUNTY URT CHERYL DAVIS Notary Public STATE OF TEXAS 5�00€ My Comm. Exp. on the Ugay of 200� (Qf Denton Bounty, Texas, on ehalf of T Printed Name'. My Commission Expires: Development Agreement Tradition MUD No. 2 of Denton County Page 36 EXHIBIT A Depiction of the Development and Tradition $ .IYfD15 3.C°1C.69 $ S Z�dbz G UD =� o�q�� o J 81 Isiw Qg IEII QQ eq �fl�ll�q L V916_N.lS ]L�Y�L $� Raj s3�lN NIlY1'01 ['r 'zRYvl �€Q .tP �Ffil N :2o�. F® 5' [HEzc I 'RIEt &'� In i CCC N .OZEE.W 3IEE.005w LOb 743 3. �1E¢99 3L069� T I 10 iH J pp5 ^ W UrS MV3M-E �./ y`L Ei be LI w u wi AZE6[I ✓?/ $p B^ IIT .Erg[ $ �_ .J r� &MI ' Is 8�A 1? $� oR je ul o4 V- 3 .BLS[.9L N N I yI . g I� _ ul —y . zEA61 N.911M In �I I8 ryl �C IL6]I£ — 3_SI _9i69 N ETJ ENE wa _ woasaiow3arwvs--- sg �a"I �$� ssTTn �aa 7l l 'ON AVMH5H 31V1S Exhibit A to Development Agreement Page 1 EXHIBIT B Legal Description BEING a 1,922.737 acre tract of land in the G. Cardinas Survey, Abstract No. 214, the James Chesier Survey, Abstract. No. 225, the W.D. Reed Survey, Abstract No. 1125, the W.C. Brookfield Survey, Abstract No. 34, and the W.A. Ferris Survey, Abstract No. 419 situated in Denton County, Texas and being a combination of a portion of those tracts conveyed to Aperion Communities, L.L.L.P. (Aperion Tract One -A and Aperion Tract One-B), by deed recorded under County Clerk's File No. 200441913 of the Real Property Records of Denton County, Texas (RPRDCT), that tract conveyed to Nancy Talley Reynolds, et al, by deed recorded in Volume 2301, Page 223 RPRDCT, a portion of that tract conveyed to Aperion Communities, L.L.L.P. by deed recorded under County Clerk's File No. 2003-190652 RPRDCT (Aperion Tract Two), that tract conveyed to Rocksand Investments, LLLP by deed recorded in Instrument Number 2005-30851 RPRDCT and those tracts recorded in Volume 5128, Page 3102 and Volume 5119, Page 715, RPRDCT and being more particularly described as follows: TRACT ONE COMMENCING at a capped 5/8" iron pin found, said iron pin also being on the north right-of-way line of State Highway No. 114, said iron pin also being on the west line of said Alliance 161 Investments tract, said iron pin also being on the east line of a tract conveyed to Betty Marie McIntyre, et al, by deed recorded in Volume 2906, Page 363 RPRDCT; THENCE N 00°32'36" W along the west line of said Alliance 161 Investments tract and the east line of said McIntyre, et al, tract recorded in Volume 2906, Page 363 RPRDCT, a distance of 3701.24 feet to a 3/8" iron pin found; THENCE N 89°39'59" E along the north line of said Alliance 161 Investments tract and the east line of said McIntyre, et al, tract recorded in Volume 2906, Page 363 RPRDCT, a distance of 1826.89 feet to a 1/2" iron pin found, said iron pin also being on the west line of said Aperion Tract One -A; THENCE N 00°22'44" W along the east line of said McIntyre, et al, tract recorded in Volume 2906, Page 363 RPRDCT, and the west line of said Aperion Tract One -A, a distance of 1294.80 feet to a capped 1/2" iron pin set, said capped iron pin set also being on the west line of said Nancy Reynolds Talley, et al tract, said iron pin also being the POINT OF BEGINNING of the herein described tract; THENCE N 00022'44" W along the east line of said McIntyre, et al, tract recorded in Volume 2906, Page 363 RPRDCT, and the west line of said Aperion Tract One -A, a distance of 102.53 feet to a capped 1/2" iron pin set THENCE N 57°46'29" W along the east line of said McIntyre, et al, tract recorded in Volume 2906, Page 363 RPRDCT, the east line of a tract conveyed to Peggy Jeannine Eaton and Betty Marie McIntyre by deed recorded under County Clerk's File No. 2003-203215 and the west line of said Nancy Reynolds Talley, et al tract, a distance of 253.45 feet to a 1/2" iron pin found; THENCE N 00021'32" E along the east line of said Peggy Jeannine Eaton and Betty Marie McIntyre tract and the west line of said Nancy Reynolds Talley, et al tract, a distance of 1364.27 feet to a railroad spike found, said railroad spike also being on a west line of said Aperion Tract One -A, said railroad spike also being in Sam Reynolds Road; THENCE N 00012'20" W along the east line of said Peggy Jeannine Eaton and Betty Marie McIntyre tract and the west line of said Aperion Tract One -A and in Sam Reynolds Road, a distance of 2791.88 feet to a railroad spike found; THENCE S 89052'16" W along the north line of said Peggy Jeannine Eaton and Betty Marie McIntyre tract and the west line of said Aperion Tract One -A and in Sam Reynolds Road, a distance of 1909.29 feet to a 5/8" iron pin found, said iron pin also being on the east line of Indian Trails Phase 1, an addition to Denton County, Texas as recorded in Cabinet G, Page 311 of the Plat Records of Denton County, Texas (PRDCT); THENCE N 00009'15" W along the west line of said Aperion Tract One -A, the east line of said Indian Trails Phase 1, the east line of a tract conveyed to Avondale Ranch by deed recorded in Volume 5289, Page 4253 RPRDCT and in Sam Reynolds Road, a distance of 1437.47 feet to a 60d nail in asphalt.found, said 60d nail also being the southwest corner of a tract conveyed to Milton High by deed recorded in Volume 501, Page 248 RPRDCT; THENCE N 76015'28" E along the west line of said Aperion Tract One -A and the south line of said High tract, a distance of 381.87 feet to a 1/2" iron pin found; Exhibit B to Development Agreement Page I THENCE N 00°1858" W along the west line of said Aperion Tract One -A and the east line of said High tract, a distance of 307.76 feet to a 1/2" iron pin found; THENCE S 89°55'09" W along Lite west line of said Aperion Tract One -A and the no line of said High tract, a distance of 370.41 feet to a 60d nail found, said 60d nail also being on the east line of said Avondale Ranch tract and in Sam Reynolds Road; THENCE N 00°12'09" W along the west line of said Aperion Tract One -A, the east line of said Avondale Ranch tract, the east line of a tract conveyed to W.E. Wilkerson by deed recorded in Volume 960, Page 35 RPRDCT, the east line of a tract conveyed to Edward Zelnik, et ux Janet by deed recorded in Volume 4062, Page 1905 RPRDCT, the east line of a tract conveyed to J. Lloyd Barksdale, et ux Dorthy by deed recorded in Volume 829, Page 271 RPRDCT, the east line of a tract conveyed to J. Lloyd Barksdale, et ux Dorthy by deed recorded in Volume 829, Page 275 RPRDCT, the east line of a tract conveyed to Gary Lynn Barksdale, et ux Toni Gayle by deed recorded in Volume 1545, Page 427 RPRDCT, the east line of a tract conveyed to Bobby J. Henry -by deed recorded in Volume 5028, Page 3683 RPRDCT, and in Sam Reynolds Road, a distance of 3495.34 feet to a railroad spike found, said railroad spike also being on the south line of a tract conveyed to Margaret DiNapoli, et at, by deed recorded in Volume 4522, Page 2063 RPRDCT; THENCE S 89057'S1" E along the west line of said Aperion Tract One -A and the south line of said Margaret DiNapoli, et at tract, a distance of 509.83 feet to a 5/8" iron pin found, said iron pin also being on the west line of a tract conveyed to Archie Eddleman by deed recorded in Volume 2322, Page 824 RPRDCT; THENCE S 00014'31" E along the west line of said Aperion Tract One -A and the west line of said Eddleman tract, a distance of 226.43 feet to a 1/2" iron pin found; THENCE N 89005' 10" E along the west line of said Aperion Tract One -A and the south line of said Eddleman tract, a distance of 870.61 feet to a 5/8" iron pin found, said iron pin also being the southwest corner of a tract conveyed to Ricky Iverson by deed recorded in Volume 4718, Page 362 RPRDCT; THENCE N 88048'54" E along the west line of said Aperion Tract One -A and the south line of said Iverson tract and the south line of a tract conveyed to Carol Theis by deed recorded in Volume 1038, Page 887 RPRDCT, a distance of 1598.77 feet to a 1/2" iron pin found; THENCE N 00024'54" W along the west line of said Aperion Tract One -A and the east line of said Theis tract and the east line of a tract conveyed to S.R. Harper by deed recorded in Volume 1726, Page 31 RPRDCT, a distance of 907.14 feet to a 1/2" iron pin found, said iron pin also being the southeast corner of a tract conveyed to Roy Chastain by Contract of Sale recorded under County Clerk's File No. 97-R0021328 RPRDCT; THENCE N 00°43'24" W along the west line of said Aperion Tract One -A and the east line of said Chastain tract, a distance of 423.43 feet to a 1/2" iron pin found, said iron pin also being the southeast corner of said Aperion Tract Two; THENCE S 88053'O1 W along the south line of said Aperion Tract Two and the north line of said Chastain tract, a distance of 1193.21 feet to a capped 1/2" iron pin found, said iron pin also being on the east line of a tract conveyed to Wayne Harris by deed recorded in Volume 976, Page 42 RPRDCT; THENCE N 00035'15" W along the west line of said Aperion Tract Two and the east line of said Harris tract, the east line of a tract conveyed to John McCurry by deed recorded in Volume 971, Page 697 RPRDCT, the east line of a tract conveyed to Samuel Haynes by deed recorded in Volume 962, Page 43 RPRDCT, and the east line of a tract conveyed to Howell Choate by deed recorded in Volume 924, Page 921 RPRDCT, a distance of 2336.13 feet to a 1/2" iron pin found, said iron pin also being the southwest corner of a tract conveyed to The Pennington Family Trust by deed recorded in Volume 4833, Page 525 RPRDCT; THENCE S 88003'05" E along the north line of said Aperion Tract Two and the south line of said Pennington Family Trust tract recorded in Volume 4833, Page 525 RPRDCT, a distance of 977.84 feet to a capped 1/2" iron pin previously set, said iron pin .also being on the north line of Aperion Tract One -A; THENCE N 00033'20" W, departing the south line of said Pennington Family Trust tract and the north line of said Aperion Tract -One -A, a distance of 723.83 feet to a capped 1/2" iron pin previously set, said iron pin also being on the south right -of --way line of F.M. 407 (90' R.O.W Exhibit B to Development Agreement Page 2 `� THENCE N 89026'40" E, along the south right -of --way line of said F.M. 407 and along the north line of said Pennington Family Trust tract, a distance of 170.00 feet to a capped 1/2" iron pin previously set; THENCE S 0003320" E, departing the south right-of-way line of said F.M. 407 and the north line of said Pennington Family Trust tract, a distance of 731.26 feet to a capped 1/2" iron pin previously set, said iron pin also being on the south line of said Pennington Family Trust tract and the north line of Aperion Tract One -A; THENCE S 88°03'05" E along the north line of said Aperion Tract One -A and the south line of said Pennington Family Trust tract, a distance of 42.05 feet to a 1/2" iron pin found, said iron pin also being on the north line of Aperion Tract One -A; THENCE N 89000'24" E along the north line of said Aperion Tract One -A, the south line of said Pennington Family Trust tract recorded in Volume 4833, Page 525 RPRDCT and the south line of a tract conveyed to The Pennington Family Trust by deed recorded in Volume 4833, Page 521 RPRDCT, a distance of 1146.79 feet to a 1/2" iron pin found, said iron pin also being on the southerly right -of --way line of Farm -to -Market Road No. 407 (F.M. 407) (90' ROW); THENCE S 50010'01" E along the north line of said Aperion Tract One -A and the southerly right-of-way line of F.M. 407, a distance of 682.19 feet to a capped 1/2" iron pin set, said iron pin also being the Point of Curvature of a circular curve to the left having a radius of 617.96 feet, a central angle of 39°44'46" and being subtended by a chord which bears S 70°02'24" E, 420.13 feet; THENCE along said curve to the left and the north line of said Aperion Tract One -A and the southerly right -of --way line of F.M. 407, a distance of 428.68 feet to a capped 1/2" iron pin set; THENCE S 89054'47" E tangent to said curve and along the north line of said Aperion Tract One -A and the southerly right -of --way line of F.M. 407, a distance of 458.09 feet to a point on the east line of the City of Fort Worth ETJ line and the west line of the Town of Northlake ETJ line; THENCE S 00000'00" W, departing the north line of said Aperion Tract One -A and the southerly right -of --way line of said F.M 407, along the east line of the City of Fort Worth ETJ line and along the west line of the Town of Northlake ETJ line, a distance of 2998.33 feet to a point on the north line of a tract conveyed to Patricia Malloy by deed recorded in Volume 769, Page 965 RPRDCT; THENCE S 88057'42" W along the east line of said Aperion Tract One -A and the north line of the north line of said Patricia Malloy tract, a distance of 802.46 feet to a 5/8" iron pin found; THENCE S 00010'33" E along the east line of said Aperion Tract One -A and the west line of said Patricia Malloy tract, a distance of 3748.38 feet to.a 5/8" iron pin found, said iron pin also being the northwest corner of Riggs Place, an addition to Denton County, Texas as recorded in Cabinet E, Page 359 PRDCT; THENCE S 00017'37" E along the east line of said Aperion Tract One -A, the west line of said Riggs Place and the west line of a remainder tract conveyed to James Riggs, Jr., et ux Deborah, by deed recorded in Volume 870, Page 444 RPRDCT, a distance of 4211.11 feet to a 1/2" iron pin found, said iron pin also being in Sam Reynolds Road; THENCE N 89056'15" E along the east line of said Aperion Tract One -A, the south line of said James Riggs, Jr. remainder tract, the south line of said Riggs Place, the south line of Sunflower Meadows, an addition to Denton County, Texas as recorded in Cabinet O, Page 122 PRDCT, the south line of Sage Meadows, Phase One, an addition to Denton County, Texas as recorded in Cabinet M, Page 208 PRDCT; the south line of a tract conveyed to Locust Thorn, L.P., by deed recorded in Volume 4009, Page 321 RPRDCT, the south line of Foxbane Estates, an addition to Denton County, Texas as recorded in Cabinet H, Page 24 PRDCT and in Sam Reynolds Road, a distance of 3409.24 feet to a capped 1/2" iron pin set, said iron pin also being the original northwest corner of Peyton Place, Phase One, an addition to Denton County, Texas as recorded in Cabinet M, Page 266 PRDCT; THENCE S 0001521" E along the east line of said Aperion Tract One -A, the west line of said Peyton Place, Phase One and the west line of Peyton Place, Phase Two, an addition to Denton County, Texas as recorded in Cabinet P, Page 50 PRDCT, a distance of 1482.19 feet to a 1/2" iron pin found, said iron pin also being the northeast comer of a tract conveyed to Rocksand Investments, LLLP by deed recorded in Instrument Number 2005-30851 RPRDCT; THENCE S 00003'07" E along the east line of said Rocksand Investments tract, a distance of 503.35 feet to a 1/2" iron pin found, said iron pin also being on the northwesterly line of a tract conveyed to The Atchison, Topeka and Exhibit B to Development Agreement Page 3 Santa Fe Railway Company by deed recorded under County Clerk's File No. 934R0020408 RPRDCT; said iron pin also being the Point of Curvature of a non -tangent circular curve to the left having a radius of 5829.65 feet, a central angle of 19'15'23" and being subtended by a chord which bears S 54°00'43" W, 1950.06 feet; THENCE along said curve to the left and the northwesterly line of said Atchison, Topeka and Santa Fe Railway Company tract, a distance of 1959.27 feet to a 1/2" iron pin found; THENCE S 44°23'02" W along the northwesterly line of said Atchison, Topeka and Santa Fe Railway Company tract, a distance of 27.66 feet to a 5/8" iron pin found; THENCE N 45°36'58" W along the northwesterly line of said Atchison, Topeka and Santa Fe Railway Company tract, a distance of 50.00 feet to a 5/8" iron pin found; THENCE S 44023102" W along the northwesterly line of said Atchison, Topeka and Santa Fe Railway Company tract, a distance of 1446.37 feet to a 5/8" iron pin found, said iron pin being on the east line of said Aperion Tract One -A and the west line of said Rocksand Investments tract; THENCE N 00°07'20" W along the east line of said Aperion Tract One -A and the west line of said Rocksand Investments tract, a distance of 857.55 feet to a capped 1/2" iron pin set; THENCE N 90000'00" W, departing the east line of said Aperion Tract One -A and the west line of said Rocksand Investments tract, a distance of 773.31 feet to a capped 1/2" iron pin set; THENCE N 65058136" W, a distance of 1029.92 feet to a capped 1/2" iron pin set; THENCE N 44008103" W, a distance of 999.82 feet to a capped 1/2" iron pin set; THENCE N 52034'22" W, a distance of 867.86 feet to a capped 1/2" iron pin set; THENCE N 86014'27" W, a distance of 222.13 feet to the POINT OF BEGINNING and containing 59,787,842 square feet or 1372.540 acres of land, more or less. TRACT TWO BEING a 550.197 acre tract of land in the W.C. Brookfield Survey, Abstract No. 34, situated in Denton County, Texas and being that same tract of land as described in deeds recorded in Volume 5128, use 3102 and Volume 5119, Page 715 of the Real Property Records of Denton County, Texas (RPRDCT) and being more particularly described as follows: BEGINNING at a point in the north line of F.M. 407 at the southeast corner of the herein described tract of land, said point lying in the west line of a tract of land as described in deed to Bill Pennington, recorded in Volume 572, Page 131, RPRDCT; THENCE along the north line of said F.M. 407, as follows: Northwesterly, along a curve to the left, having a radius point that bears S 18°06'28" W, 624.31 feet, an arc distance of 204.03 feet, a central angle of 18043'31" and being subtended by a chord which bears N 81°15'18" W, 203.13 feet; S 89022'57" W, a distance of 1876.49 feet; S 89°18'36" W, a distance of 1931.01 feet; THENCE N 00004'03" W, departing the north line of said F.M. 407, a distance of 2834.59 feet; THENCE N 00000'51" E, a distance of 1161.59 feet; THENCE N 00°04' 13" E, a distance of 1244.99 feet to the northwest corner -of the herein described tract of land; THENCE, being adjoined to the north by a tract of land as described in deed to Orville Rogers, recorded in Document No. 94-R0029773, RPRDCT, along the north line of the herein described tract of land, as follows: S 89°37'03" E, a distance of 5409.41 feet; S 00°32'35" W, a distance of 352.79 feet; N 89°46'56" E, a distance of 651.45 feet; Exhibit B to Development Agreement Page 4 THENCE S 00044'37" E. being adjoined to the east by a tract of land as described in deed to Laura Carter Johnson, recorded in Volume 3 03 8, Page 713, RPRDCT, a distance of 1372.47 feet; THENCE N 85016'40" W, a distance of 2099.00 feet; THENCE S 00024'45" E. being adjoined to the east by the aforementioned Pennington tract, a distance of 3642.68 feet to the POINT OF BEGINNING and containing 550.197 acres, more or less. Exhibit B to Development Agreement Page 5 EXHIBIT C Development Plan for the Development •w=n Phase Key Plan Tradition Phase II - VI Conceptual Master Plan Exhibit C to Development Agreement Page 1 EYHIBIT D [INTENTIONALLY DELETED] Exhibit D to .Development Agreement Page 1 EXHIBIT E Special Regulations A. Street, Right -of --Way, and Sidewalk Widths 1. Any portion of a local residential street that abuts a park with an area of . 0.5 acre or greater shall be a 2946ot back-to-back section in a 4246ot right-of-way. Twenty (20) feet adjacent to the right -of --way shall be reserved for a sidewalk within a public access easement. The 7 feet of park area immediately adjacent to the right -of --way shall be reserved for a utility easement. The sidewalk in the park area may be meandering or linear. Where sidewalks abut residential lots, sidewalks shall be physically connected in accordance with the Americans with Disabilities Act. On all residential lots across from park areas subject to this section, a 446ot wide sidewalk shall be located within a 1346ot wide parkway and shall be separated from the property line by 3 feet. 2. Local residential streets or any portion thereof that are not subject to A(1) shall be a 29- foot back-to-back section, with a pair of 4-foot wide sidewalks separated from the property line by 3 feet within a 13400t wide parkway, all located in a 55400t right-of- way. No encroachments shall be allowed in the right-of-way between the sidewalk and property line. 3. Collector residential streets shall be a 3746ot back-to-back section, with a pair of 5400t wide sidewalks separated from the street by 10400t wide parkways. All will be located in a 67400t right -of --way. 4. Minor arterial streets shall contain two 2846ot back-to-back sections, divided by a 51- foot median, with a 9400t wide parkway all located within a 12546ot right -of --way. An 846ot wide sidewalk shall meander within a 22.546ot landscape buffer and public access easement that is adjacent to either side of the 125400t right-of-way. 5. Alleys shall be 12 feet wide and centered within a 15400t right -of --way, except that those alleys located adjacent to townhomes or commercial lots that require no minimum rear yard setback shall be 18 feet wide within a 20400t right -of --way. 6. All other streets shall be constructed in accordance with the requirements of the City of Fort Worth, B. Block Length 1. The minimum block length shall be 300 feet. 2. The maximum block length shall be 1,320 feet. C. Minimum Street Centerline Off -Sets The minimum street centerline off -set shall be 100 feet for a street that: (1) is located within a right -of --way that is 67 feet wide or less; and (2) is adjacent to a park with an area of at least .5 acre but less than 3 acres. For all other internal residential streets, a minimum 125400t centerline off -set shall be required. For all streets connecting to a right-of-way greater than 67 feet, a street centerline off -set of 150-feet shall be required. Exhibit E to Development Agreement Page 1 D. Tract -Specific Regulations Commercial Tracts. Front Yard None required Rear Yard 10 feet minimum. unless adjacent to residential use where 15 feet minimum required Side Yard -Interior lot 5 feet minimum adjacent to One -Family Residential Tract, Townhouse Tract or Court Home Tract, none otherwise. If provided, side yard must be 3 feet minimum. Side Yard -Corner lot None required unless through lot, then 10 feet minimum required Height 3 stories or 45 feet maximum Townhouse/Court Home Tracts. Units per Acre Maximum number of 12 units per gross acre on average Units per Bldg. 10 maximum Front Yard 10 feet minimum Side Yard 10 feet minimum adjacent to street, otherwise no setback is required; for comer lots, porches may be located in the side yard adjacent to a street Height 35 feet maximum Bldg. Separation 10 feet minimum Open Space 15% minimum Mixed -Use Tracts. Front Yard 14 feet minimum Side Yard No setback unless (i) required by the Building Codes, or (ii) an abutting property with an existing building has windows facing to the side, in which case a minimum l0-foot separation between the existing building and new building is required Rear Yard 5 feet minimum Maximum Height 45 feet, or 3 stories, whichever is less, except that the maximum height shall be 60 feet or 5 stories, whichever is less; if (i) residential uses constitute 20 percent or more of a building's gross floor area, and (ii) office, eating and entertainment, and/or retail sales and service use constitute 10 percent or more of the building's gross floor area. Maximum Residential 40 units per gross acre, except that a maximum of 60 units per gross acre are Units Per Acre permitted if the project includes office, eating and entertainment, and/or retail sales and services uses that constitute at least 10 percent of gross floor area. Entrances A Principal Building must have its main entrance from a public sidewalk or plaza Open Space 20% minimum Multi -Family Tracts. Units per Acre 24 dwelling units per acre Front Yard 20 feet minimum, unless adjacent to residential use where 30 feet minimum required Side Yard - Interior 5 feet minimum Side Yard - Corner 10 feet minimum adjacent to side street Rear Yard 5 feet minimum Open Space 35% minimum Community Facilities Tracts, Lot Width 50 feet minimum Front Yard 20 feet minimum Rear Yard 5 feet minimum reduced to 0 feet where adjacent to an alley at least 10 feet wide Side Yard - Adjacent to 5 feet minimum residential use Exhibit E to Development Agreement Page 2 Side Yard -Across street from a side yard in a residential tract 10 feet minimum Height One -Family 5,000 Tracts. 35 feet maximum Lot Area 5,000 square feet minimum Lot Width 50 feet minimum at building line, 60 feet minimum for corner lots Lot Coverage 50 percent maximum Front Yard 15 feet minimum, 10 feet for porches Rear Yard 15 feet minimum Side Yard -Interior lot 5 feet minimum Side Yard -Corner lot 15 feet minimum adjacent to side street and 5 feet porches may be located in the side yard adjacent to minimum for interior lot line; a street Height One-Famil 6 000 Tracts. 35 feet maximum Lot Area 6,000 square feet minimum Lot Width 60 feet minimum at building line, 70 feet minimum for corner lots Lot Coverage Front Yard 50 percent maximum 15 feet minimum, 12 feet for porches Rear Yard 15 feet minimum Side Yard -Interior lot 5 feet minimum Side Yard -Corner lot 15 feet minimum adjacent to side street and 5 feet porches may be located in the side yard adjacent to minimum for interior lot line; a street Height Other 35 feet maximum 3 feet minimum setback from alley edge to garage face One -Family 7,500 Tracts. Lot Area 7,500 square feet minimum Lot Width 75 feet minimum at building line, 85 feet minimum for corner lots Lot Coverage Front Yard 45% percent maximum 20 feet minimum, 12 feet for porches Rear Yard 15 feet minimum Side Yard -Interior lot 5 feet minimum Side Yard -Corner lot 15 feet minimum adjacent to side street and 5 feet porches may be located in the side yard adjacent to minimum for interior lot line; a street Height One-Familv 10,000 Tracts. 35 feet maximum Lot Area 10,000 square feet minimum Lot Width 90 feet minimum at building line, 100 feet minimum for corner lots Lot Coverage Front Yard 40% maximum 25 feet minimum, 20 feet for porches Rear Yard. 15 feet minimum Side Yard -Interior lot 5 feet minimum Side Yard -Corner lot 15 feet minimum adjacent to side street, 5 feet minimum for interior lot line; porches may be located in the side yard adjacent to a street Height One-Familv 19,000 Tracts. 35 feet maximum Lot Area 19,000 square feet minimum Lot Width 90 feet minimum at building line, 100 feet minimum for corner lots Lot Coverage Front Yard 35% maximum 30 feet minimum, 25 feet for porches Rear Yard 25 feet minimum Side Yard -Interior lot 5 feet minimum Exhibit E to Development Agreement Page 3 Side Yard -Corner lot 15 feet minimum adjacent to side street; porches may be located in the side yard adjacent to a street Height 35 feet maximum Exhibit E to Development Agreement Page 4 EXHIBIT F Tract Summary Phase It Lot Size (approx.) Use Category Lot Access Acreage No. Area ll 1 Townhouse Townhouse Alley 12.74 II 2 Court Homes Court Homes Conventional 12.37 II 3 60fX 105 One-Family6 000 6300 Alley 19257 =` II 4 50 X 110 One -Family 5,000 5500 Conventional 11.84 lip 5.. Community Facility, Community Facility 3 II 6 55 X 110 One -Family 5,000 6050 Conventional 17.53 II 7 60 X 120 One -Family 6,000 7200 . Conventional 26.23 II 8 60 X 110 One -Family 6,000 6600 Alley 6.96 11 9 60 X 120 05 RTT One -Family 6;00.0 - 7200 Conventional ; 6.23 �. Is m II 10 90 X 130 One -Family 10,000 11700 Conventional 5,32 11 11 75 X 125One-Family 7,500 9375 p Conventional. 40 II 12 90 X 130 One -Family 10,000 11700 Conventional 20.35 III` 13 60 X 110 One-Family6,000 6600 Alley 10.93 II 14 60 X 105 One -Family 6,000 6300 Alley 14.3 II 15 90 X 130 . One-FamilI. Iy 10,000 11700 Conventional 25.4 II 16 75 X 125 One -Family 7,500 9375 Conventional 12.71 II 17 60 X 120 - One -Family 6;000 r :. 7200 Conventional 16.64 - - - II 18 75 X 125 One -Family 7,500 9375 Conventional 19.21 II 19 60 X 115 One -Family 6,000 _ 6900 Conventional.: 30.73 I. II 20 50 X 110 One -Family 5,000 5500 Conventional 20,27 - - III' p 21 Multi -family, Multi -family - 14. III 22 Court -homes Court -homes Conventional 13.15 111 23 60 X 105 One -Family 6,000 -6300 Alley 10 - 111 24 60 X 120 One -Family 6,000 7200 Conventional 15.3 III 25 50 X 1001 One-17amily5,000 5000 Alley 4h13 III 26 50 X 100 One -Family 5,000 5000 Alley 11.4 60 IIL 27 X 115 One -Family 6,000 6900 ' Conventional 1=148 -. III 28 60 X 115 One -Family 6,000 6900 Conventional 10.1 III 29 60 X 105 One -Family 6,000 6300 Alley 8,4 _ -. _. III 30 Townhouse Townhouse Alley 8.7 - ., . - III _ 31 50 X-1.00 One -Family 5;000 5000 Alley 5.4 Lp III 32 Mixed Use Mixed Use 29.4 III 33 Townhouse Townhouse _ n Alley 1 10- III 34 Multi -family Multi -family 4.2 III 35' 50.X 100 One -Family 5,006 4' ,'$ 6000 Alley. 10.35 III 36 Court Homes Court Homes Conventional 8.6 It III 37 Multi -family: Multi -family 7 III 38 50 X 110 One -Family 5,000 5500 Conventional 6.7 III 39 50 X:110 =One Family 5,000 5500 Conventional 4,25 - III 40 50 X 110 One -Family 5,000 5500 Conventional 5.25 11141 60 X J120 One -Family 6,000 7200 ' Conventional_ 7 .. III 42 60 X 120 One -Family 6,000 7200 Conventional 9.8 Alle 10.9 III 43 60 X-105 One-Family,6;000 6300 y . III 44 75 X 125 One -Family 7,500 9375 Conventional 27.9 Exhibit F to Development Agreement Page 1 Phase Tract Lot Size (approx.) Use Category Lot Access Acreage No. Area III 45 60 X 110 One -Family 6,000 6600 Alley 8.85 III 46 Townhouse Townhouse Alley 10.95 IV 47 60 X 115 One -Family 6,000 _ 6900 _ Conventional 14,75 - - -. -- : IV 48 60 X 105 One -Family 6,000 6300 Alley 7.15 IV 49 District Club I District Club - 69 I IF IV 50 City Community Facility City Community Facility 2 IV 51 Community Facility Community Facility 2 - _ IV 52 50X 100 One-Family5,000 5000 Alley 9 IV 53 60 X 1.15 One -Family 6,000 6900 Conventional 8.3 IV 54 Middle School and CP Middle School and CP 20 IV 55 55 X 110 On 5,000 6050 Conventional' 11.7 IV 56 60 X 115 One -Family 6,000 6900 Conventional 14 1V 57 60 X.110 One -Family 6,000 - 6600 Ailey 6.5 IV 58 Community Facility Community Facility 2 IV 59 Townhouse, Townhouse Alley 11.5 IV 60 60 X 120 One -Family 6,000 7200 Conventional 14.1 IV 61 60 X 110 One -Family 6,000 6600- Alley 9- IV 62 50 X 100 One -Family 5,000 5000 Alley 4.6 IV 63 55 X -110 One -Family 5,000 6050 Conventional _IF 4.75 IV 64 Townhouse Townhouse Alley 4.4 IV 65 90 X 130 One:Family 10,000 117001. Conventional . 25.6 IV 66 75 X 125 One -Family 7,500 9375 Conventional 22 IV 67 -' 55 X 110 One -Family 5,000 6050 Conventional 1 17:35 . V 68 60 X 115 One -Family 6,000 6900 Conventional 17 V 69 60 X 120 One -Family 6,000 7200 Conventional_ 16,75 V 70 60 X 115 One -Family 6,000 6900 Conventional 7.2 V 71 50 X 110 On'e-Family 5,000 5500 Conventional 10.5 V 72 City Community Facility City Community Facility 2.3 V 73 55 X 110 One -Family 5,000 6050 Conventional .: 17.7 V 74 50 X 110 ,. One- : --. Family 5,000 5500 Conventional 17.2 V, 75 60X 120 One -Family 6,000 7200' Conventional 21.4 IF IF ,. I IF V 76 Townhouse Townhouse Alley 12 V 77 60 X 105 One -Family 6,000 6300 ` Alley 12.1 V 78 School and CP School and CP 16.4 V 79 District Club District Club1. F IF I 6:3 V 80 Community Facility Community Facility 6.8 Vl _ 81 50 x 110 1 One -Family 5,000 5000 Conventional _ 25_ VI 82 Amenity Center Amenity Center 3 OF VI 83 Commercial Commercial , 1,5.' VI 84 School School- 15 VI 85 50 x 110 One -Family 5,000 5000 Conventional - 39.- VI 86 Commercial Commercial 2 VI 87_ . 60 x 110 One Family 6,000 5000 Conventional 15 - _ VI 88 50 x 110 1One-Family 5,000 5000 Conventional 43 - IIIVI 89 60 x 110 One -Family 6IF-,000 5000 . Conventional 1- - 40 VI 90 70 x 120 One -Family 6,000 7500 Conventional 21 amll 5,000 5000 'Conventional 25' VI 91 55 x 110 One F y IF IF VI 92 Community Facility Community Facility 1 Exhibit F to Development Agreement Page 2 Phase Tract Lot Size (approx.) Use Category Lot Access Acreage No. Area VI 93 60 x 110 One -Family 6,000 5000 Conventional 24 VI 94 Middle School Middle School 25 VI 95 50 x 110 One;Family 5,000 5000 Conventional 12 VI 96 70 x 125 One -Family 6,000 7500 Conventional 24.5 VI 97 50 x 110 One -Family 5,000 5000 Conventional'. 36 VI 98 70 x 125 One -Family 6,000 7500 Conventional 24.2 VI 99 Community Facility . Community Facility 1: VI 100 60 x 125 One -Family 6,000 7500 Conventional 35.5 Exhibit F to Development Agreement Page 3 EXHIBIT G Table of Permitted Uses ffi� th cv► E c t �- E =' U�- E 3 x E '=u U I- U V LL O RESIDENTIAL USES Cluster housing P P Multifamily dwelling (apartment) P One dwelling unit when part of a P business One -family attached dwelling (e.g., P P townhouse) One -family detached dwelling P P P PUBLIC AND CIVIC USES Ambulance dispatch station P P P Assisted living facility P P Blood bank P P Care facility P P P Center, community recreation or P P P P P welfare, government operated or controlled Center, community recreation or P P P P welfare, private or non-profit College or university P P Country club (private) P P P P P Day care center (6 or more children or, P P P adults) Electric power substation P P P Golf course P P P P P Golf driving range P P P P Government maintenance facility P Government office facility P P P P P Health services facility; including P P P doctor's office or medical clinic Exhibit G to Development Agreement Page 1 'L - 0 (A 'C Vl - cn E c E ._LLW an co' o o x o- U I- U U LL O Hospice P P P P P Hospital P P P Kindergarten P P P Museum, library, or fine arts center, P P P P P government operated or controlled Neighborhood recreation center P P P P Nursing home (with full medical P P P services) Park or playground P P P P Place of worship P P P P P School, elementary or secondary P P P P P (public or private) Stealth telecommunication towers P P Telecommunication antenna (on P P P P P structure) Water supply, treatment or storage P P P P P facility TEMPORARY USES Batch plant, concrete or asphalt P P P P P (temporary) Garage or other occasional sale P P P Model home P P P Trailer, (portable) used for sales, P P P P P construction or storage COMMERCIAL USES Amusement, indoor P P Amusement, outdoor P P Antique shop P P Appliance, sales, supply or repair P P Auto parts supply, retail P P Automotive repair, paint and body P shop Bakery P P Exhibit G to Development Agreement Page 2 (n W � L d E E U v 7 p p 3 7 F U N x � p y p p E 'V U UM ti d G O Bank, financial institution P P Bar, tavern, cocktail lounge, club P P Barber or beauty shop P P Baseball/softball facility (commercial) P Boat rental or sales P Book, stationary stores or newsstand P P Bowling alley P Burglar alarm sales or service P Business college or commercial school P P Car wash, full or self service P Caterer or wedding service P P Clothing/wearing apparel sales, new P P Clothing/wearing apparel sales, used P P Club, commercial or business P P Cold storage plant or ice plant P Convenience store P P Copy store or commercial print center without off -set printing P P Dressmaking, custom, millinery shop P P Drive-in restaurant or business P P Express office P P Feed store P Firewood sales P P Furniture sales, new (office and residential) in a building P P Furniture upholstery, refinishing or resale P P Garage, storage only P Gasoline sales P P General merchandise store P P Greenhouse or plant nursery P P Grocery store, meat market P P Exhibit G to Development Agreement Page 3 VI ui 0 C C L 0 O (U h i E 0 'M U LL N C 0 Gunsmithing, repairs or sales P Health or recreation club P P Home improvement store P P Hotel, motel or inn P P Interior decorating P P Large retail store (big box retail) P P Laundry or dry cleaning collection office P P Laundry, dry cleaning or washateria P P Leather goods shop P P Liquor or package store P P Locksmith P P Lodge or civic club P P Massage therapy P P Medical supplies or equipment sales or rental P P P Mortuary or funeral home P P Museum or cultural facility P P P Newspaper distribution center P Offices P P P Optician P P Parking area or garage, commercial P P Pharmacy (drug store) P P Photograph, portrait or camera shop or photo finishing P P Print centers, commercial, with offset printing P P Recording studio P P Restaurant, cafe, cafeteria P P Retail sales, general P P Saddle or harness, repair or sales. P P Service station P Exhibit G to Development Agreement Page 4 c war i O C u1 _ G - C k _UM - O U Q O 1- c.i i 0 M U tL C O Shoe shine shop P P Studio, art or photography P P Swimming pool, commercial P P Tailor, clothing or apparel shop P P Taxidermist shop P P Theater, movie theater or auditorium P P Vehicle sales or rental; including P automobiles, motorcycles, boats or trailers Veterinary clinic with indoor kennels P P INDUSTRIAL USES Passenger station P P Exhibit G to Development Agreement Page 5 EXHIBIT H Assignment and Assumption Agreement THIS ASSIGNMENT AND ASSUMPTION AGREEMENT ("Assignment") is made and entered into as of the day of , between a ("Assignor"), and - a ("Assignee ") (Assignor and Assignee are hereinafter sometimes collectively referred tMMMo as the "Parties" and singularly as a "Party"). RECITALS: A. Assignor is the owner of the rights of the Owner under that ,certain "Development Agreement" (City Secretary Contract No. 36462, M & C - 22589) (the "Agreement") effective as of _, 2008, between Aperion Communities, LLLP, Eladio Properties, LLLP, Drooy Properties, LLLP, Rocksand Investments, LLLP, Justin Ranch 427, LLLP, and Justin Ranch 123, LLLP, collectively and individually as Owner, and the City of Fort Worth, Texas, as the City, relating to the development of the Development (as described therein), to the extent that the Agreement covers, affects, and relates to the lands described on Exhibit "A" attached to and made a part hereof of this Assignment for all purposes (the "Transferred Premises"). B. Assignor desires to assign certain of its rights under the Agreement as it relates to the Transferred Premises to Assignee, and Assignee desires to acquire such rights, on and subject to the terms and conditions of this Assignment. NOW, THEREFORE, in consideration of the premises, the mutual covenants and obligations set forth herein, and other good and valuable. consideration, the receipt and legal sufficiency of which are hereby acknowledged, the Parties hereby agree and act as follows: 1. Certain Defined Terms. Unless indicated otherwise herein, capitalized terms in this Assignment shall have the same respective meanings as are ascribed to them in the Agreement. 2. Assignment. Subject to all of the terms and conditions of this Assignment, Assignor hereby assigns all [or describe specifically assigned rights if partial] of its rights under the Agreement, insofar as the Agreement covers, affects, and relates to the Transferred Premises. 3. Assumption. Assignee hereby assumes all obligations of Assignor and any liability that may result from acts or omissions by Assignee under the Agreement as it relates to the Transferred Premises that may arise or accrue from and after the effective date of this Assignment, and Assignor is hereby released from all such obligations and liabilities from and after the date of this Assignment; provided, however, this Assignment does not release Assignor from any liability that resulted from an act or omission by Exhibit H to Development Agreement Page 1 Assignor that occurred prior to the effective date of this Assignment unless the City approves the release in writing. 4. Governinr Law. THIS ASSIGNMENT MUST BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS, AS THEY APPLY TO CONTRACTS PERFORMED WITHIN THE STATE OF TEXAS AND WITHOUT REGARD TO ANY CHOICE OF LAW RULES OR PRINCIPLES TO THE CONTRARY. 5. MEMENEW Counternart/Facsimile Execution. This Assignment has been prepared in multiple counterparts, each of which shall constitute an original hereof, and the execution of any one of such counterparts by any signatory shall have the same force and effect and shall be binding upon such signatory to the same extent as if the same counterpart were executed by all of the signatories. Facsimile copies of signatures may be appended hereto with the same force and effect as legally delivered original signatures. 6. NFEENEEN Notice to City. A copy of this Assignment shall be provided to the City within fifteen (15) days after execution. 7. Binding Effect. This Assignment shall be binding upon and shall inure to the benefit of Assignor and Assignees and their respective heirs, personal representatives, successors, and assigns. EXECUTED as of the day and year first above written. ASSIGNOR: Name: Title: ASSIGNEE: Name: Title: Exhibit H to Development Agreement Page 2 STATE OF TEXAS § COUNTY OF § SWORN TO AND SUBSCRIBED before me on the , 200_, by STATE OF TEXAS § COUNTY OF § SWORN TO AND SUBSCRIBED , 200_, by Notary Public, State of Texas before me on the Notary Public, State of Texas Exhibit H to Development Agreement Page 3 Page 1 of 3 City of �or�i Worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved on 12/18/2007 -Res. No. 3568-12-2007 DATE: Tuesday, December 18, 2007 LOG NAME: 06TRADITION2 REFERENCE NO.: C-22589 SUBJECT: Authorize Execution of the Consent Resolution, Development Agreement, Buy -Out Option Agreement, Impact Fee Agreement, Utility Agreement, Wholesale Wastewater Service Agreement, and the Agreement for the Sale of Treated Water and Approve the Form of the Strategic Partnership Agreement for Tradition Municipal Utility District No. 2 of Denton County RECOMMENDATION: It is recommended that the City Council: 1. Adopt a resolution consenting to the creation of Tradition Municipal Utility District No. 2 of Denton County ("District"); 2. Authorize the City Manager or a designee to execute the following contingent upon receipt of necessary executed documents from Aqua Utilities: a. A Development Agreement between the City and Aperion Communities, LLLP, Eladio Properties, LLLP, and Drooy Properties, LLLP, and Rocksand Investments, LLLP; b. A Buy -Out Option Agreement between the City, Aqua Utilities, Aperion Communities, LLLP, Eladio Properties, LLLP, and Drooy Properties, LLLP, and Rocksand Investments, LLLP, and the District; c. An Impact Fee Agreement between the City, Aqua Utilities, Aperion Communities, LLLP, Eladio Properties, LLLP, and Drooy Properties, LLLP, and Rocksand Investments, LLLP, and the District; d. A Utility Agreement between the City and Aqua Utilities, Aperion Communities, LLLP, Eladio Properties, LLLP, and Drooy Properties, LLLP, and Rocksand Investments, LLLP, and the District; e. A Wholesale Wastewater Service Agreement between the City and Aqua Utilities; f. An Agreement for the Sale of Treated Water between the City and Aqua Utilities; and 3. Authorize the City Manager or a designee to bring forth the Strategic Partnership Agreement for approval after the formation of the Municipal Utility District. DISCUSSION: Aperion Communities, LLLP, Eladio Properties, LLLP, and Drooy Properties, LLLP, and Rocksand Investments, LLLP, (AEDR) are Arizona limited liability partnerships that own and are developing approximately 2,663 acres in Fort Worth's and Northlake's extraterritorial jurisdiction as a mixed -use development to be known as "Tradition." The property is in Denton County and is located north of Highway http://apps.cfwnet.org/council packet/Reports/mc�rint.asp 5/28/2008 Page 2 of 3 114 and west of Highway 156. On December 13, 2005, (M&C C-21198) the City Council authorized the City Manager to enter into contracts for the first 431 acres of this development known as Tradition Municipal Utility District No. 1 of Denton County. The district was confirmed by the voters on May 12, 2007. On September 12, 2006, (M&C G-15392) the City Council granted conditional consent to Tradition Municipal Utility District No. 2 of Denton County in response to a petition submitted by AEDR. The intent was to allow the creation of a "master MUD" that would subsequently be subdivided into smaller tracts consistent with their development phases. During the 2007 legislative session, H.B. 3182 was approved and authorized the creation of this district consisting of 1,922.737 acres subject to adoption of a consent resolution by the Fort Worth City Council. The attached resolution grants formal consent to the formation of the District and specifically grants to the District the authority to finance road projects. In addition, it grants the City Manager the authority to execute the "Agreement Concerning Creation and Operation of Tradition Municipal Utility District No. 2 of Denton County (the Consent Agreement). This is the contract between the developer, the District, and the City �� governing the issuance of bonds, the construction standards for infrastructure, and the terms of future annexation. The other documents listed above, which are available for public inspection and copying in the City Secretary's Office, can be summarized as follows: The Development Agreement provides for the enforcement of municipal building codes and establishes land use and development regulations for the Development. In addition, it imposes Special Regulations to govern design issues such as block lengths and street right-of-way and sidewalk widths. The Development will generally be in compliance with development standards within the City limits. The Agreement also identifies enhancements beyond the City's regulations in terms of amenities, entry features and landscaping. The remaining five agreements identified as items b through f above relate to the provision of water and wastewater facilities and service to the Development. Aqua Utilities is the holder of the Water Certificate of Convenience and Necessity (CCN) in the Development and are therefore party to several of the agreements. Aqua Utilities will provide retail water and wastewater service to the Development. The City will provide wholesale water service through a wholesale contract similar to those with our customer cities. The provider for wholesale wastewater service is still under negotiation. The goal of the City and the Developer is to partner with Trinity River Authority (TRA) and install a new interceptor line from the existing TRA wastewater treatment facility at Denton Creek. If this occurs, the City will provide wholesale wastewater service to Aqua Utilities through a wholesale contract and a TRA interceptor line agreement will be brought to City Council for consideration. If the negotiation of TRA interceptor option is unsuccessful, the Developer intends to build a package treatment plant to be operated by Aqua Utilities. The Impact Fee Agreement will allow the City to recover the treatment, pumping and other infrastructure costs associated with providing water and wastewater service to the Development. Under the Buy -Out Option Agreement the City has the option to purchase the water and wastewater facilities in the Development from the District for $10 and become the retail water and wastewater service provider. This can occur at anytime after 17 years of the first connection to retail water or wastewater utility service within a District, or within 90 days before the date of annexation of a District by the City. Aqua Utilities will agree not to contest the application of the City for the CCN for the area within that District. The Strategic Partnership Agreement will authorize the City to annex acreage within the Development designated for commercial development for the limited purpose of imposing sales and use tax. This agreement will be presented to the City Council with the appropriate public hearings after the district is http://apps.cfwnet.org/council_packet/Reports/mc�rint.asp 5/28/2008 Page 3 of 3 formally established by election. This Development will not require the expenditure of City funds or the collection of offsetting revenue for wholesale services for several years. FISCAL INFORMATION/CERTIFICATION: The Finance Director certifies that approval of these Agreements will have no immediate material effect on City funds. Any effect on expenditures and revenues will be budgeted in future fiscal years. TO Fund/Account/Centers Submitted for City Manager's Office bv: Originating Department Head• Additional Information Contact: FROM Fund/Account/Centers Dale Fisseler (6140) Fernando Costa (8042) Susan Alanis (8180) http://apps.cfwnet.org/council packet/Reports/mc�rint.asp 5/28/2008 Page 1 of 1 City of Fort Worth, 1"exa� Mayor and Council Communication COUNCIL ACTION: Approved on 1/29/2008 DATE: Tuesday, January 29, 2008 LOG NAME: 06TRADITIONCORR REFERENCE NO.: '�*C-22640 SUBJECT: Correction of Mayor and Council Communication C-22589, Adopted on December 18, 2007, to Add Two Limited Partnerships, Justin Ranch 427, LLLP, and Justin Ranch 123, LLLP, as Parties to the Tradition Municipal Utility District No. 2 Contracts and the Consent Resolution and Authorize the Execution of the Corrected Consent Resolution and Contracts RECOMMENDATION: It is recommended that the City Council approve the correction of Mayor and Council Communication C- 22589, adopted on December 18, 2007, to add two limited partnerships, Justin Ranch 427, LLLP, and Justin Ranch 123, LLLP, as parties to the Tradition Municipal Utility District No. 2 contracts and the consent resolution and authorize the execution of the corrected consent resolution and contracts. DISCUSSION: On December 18, 2007, (C-22589) the City Council approved the Consent Resolution and authorized the execution of the the Development Agreement, Buy -Out Option Agreement, Impact Fee Agreement, Utility Agreement, Wholesale Wastewater Service Agreement, and the Agreement for the Sale of Treated Water and Approve the Form of the Strategic Partnership Agreement for Tradition Municipal Utility District No. 2 of Denton County. After City Council approval of C-22589, the developer notified the City that two additional parties needed to be added to the contract. Adoption of this correction Mayor and Council Communication will authorize the addition of the two necessary parties, Justin Ranch 427, LLLP, and Justin Ranch 123, LLLP, to the Consent Resolution and the contracts. FISCAL INFORMATION/CERTIFICATION: The Finance Director certifies that this action will have no material affect on City funds. TO Fund/Account/Centers Submitted for City Manager's Office by: Originating Department Head: Additional Information Contact: FROM Fund/AccountJCenters Dale Fisseler (6140) Fernando Costa (8042) Susan Alanis (8180) httn://apps.cfwnet.or�/council packet/Reports/mc print.asp 5/28/2008