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HomeMy WebLinkAboutContract 42107 STATE OF TEXAS CITY SECRETARY UNIFIED SIGN AGREEMENT CONTRACT NO. d l .- COUNTY OF TARRANT PRESIDIO JUNCTION KNOW ALL PERSO S BY THESE PRESENTS that this Unified Sign Agreement is made and entered into this day of 1 U I 1 , 2011, upon the following terms, covenants and agreements: 1. This Unified Sign Agreement covers real property more particularly described in Exhibit "A" attached hereto and made a part hereof for all purposes(the "Property"). 2. LNR CPI PRESIDIO RETAIL, LLC, a Texas limited liability company and LNR CPI PRESIDIO LAND, LLC, a Texas limited liability company (collectively, the "Owner"), whose address is: LNR PROPERTY CORPORATION, 325 North St. Paul Street, Suite 3400, Dallas, Texas 75201, Attn: Mr. Kenneth Kristofek, are the owners of all the Property subject to this Unified Sign Agreement. 3. Signs shall be constructed on the Property in accordance with the sign plan attached hereto as Exhibit "B" (the "Sign Plan"). No signs shall be constructed on the Property or allowed to remain on the Property, except as reflected on the Sign Plan. 4. All parties hereto covenant and agree that the Property covered by this Unified Sign Agreement will be collectively treated as a single premises for the limited purpose of determining the number, size and location of on-premise signs permitted in accordance with Section 6.404(F) of the Comprehensive Zoning Ordinance of the City of Fort Worth, being Ordinance No. 13896, as amended. 5. The covenants, limitations and restrictions contained herein shall be covenants running with the land with respect to the Property and shall be binding on Owner and all parties having any right,title or interest in or to the Property, or any part thereof, and their heirs, successors and assigns. 6. Owner agrees to defend, indemnify and hold harmless the City of Fort Worth from and against all claims or liabilities arising out of or in connection with this Unified Sign Agreement. 7. This Unified Sign Agreement will be governed by the laws of the State of Texas. 8. This Unified Sign Agreement may be amended or terminated only in accordance with Section 6.404 (17)(7)(b)of the Comprehensive Zoning Ordinance of the City of Fort Worth, Ordinance No. 13896, as amended, which reads as follows: (b) A Unified Sign Agreement may be amended or terminated as follows: (i) The amendment or termination agreement shall be executed by all owners of the properties included in the Unified Sign Agreement, and all lien holders, other than a taxing entity, that have an interest in land covered by the agreement or an improvement on such land. (ii) A termination agreement shall be approved by the City Council if all signs on the property governed by the agreement are in compliance with City sign regulations, as if no Unified Sign Agreement had been executed. Any signs that are not in 1 OFFICIAL RECORD CITY SECRETARY FT, (NORTH, TX compliance shall be removed or brought into compliance prior to approval of the agreement by City Council. (iii) In considering whether to approve an amendment to a Unified Sign Agreement, the City Council or Director of Planning and Development shall consider the criteria for approval of Unified Sign Agreement set out in Paragraph F.3. 9. Owner represents that there are no lien holders, other than taxing entities that have an interest in the property or any improvements on the Property. Lien holders must also execute this agreement. 10. The parties hereby agree and covenant that if any portion of the Dual Use Property (as defined below) is developed and used for a purpose other than Retail Use(as defined below), and so long as such property is being so used the following shall apply: a. Such portion of the Dual Use Property shall not be deemed to be part of the "Property" and shall not be subject to the terms and conditions contained in this Unified Sign Agreement; b. Such portion of the Dual Use Property shall not be treated as part of the "single premises" in connection with any determination in accordance with Section 6.404(F) of the Comprehensive Zoning Ordinance of the City of Fort Worth; and c. Any owner of such portion of the Dual Use Property shall not be required to be a party to any amendment or termination of this Unified Sign Agreement. 11. Definitions: a. As used in this Unified Sign Agreement, the term "Dual Use Property" shall mean any portion of the Property more particularly described as Cabinet A, Slides 13077, 13078, Block D, Lot 1; Cabinet A, Slides 12792, 12793, Block C, Lots 1 and 3; and Cabinet A, Slides, 12798, 12799, Block A, Lot 3, Block B, Lots 3, 4. b. As used in this Unified Sign Agreement, the term 'Retail Use" shall mean any of uses listed under "G" in section 4.803, Nonresidential District Use Table with the exception of"Office " and "Medical Office"uses. [Remainder of Page Intentionally Left Blank; Signature Pages Follow.] EXECUTED on the day and year first above recited. OWNER: LNR CPI Presidio Retail, LLC, a Texas limited liability company By: LNR CPI A&D Holdings, LLC, a Delaware limited liability company, its member By: LNR Commercial Property Investment Fund Limited Partnership, a Delaware limited partnership, its member By: LNR CPI Fund GP, LLC a Delaware limited liability company,its general partner a ooL Kenneth A. Kristofek, Vice President STATE OF TEXAS § COUNTY OF DALLAS § Before me,the undersigned authority,on this date personally appeared Kenneth A.Kristofek, in his capacity as Vice President of LNR CPI Fund GP, LLC, a Delaware limited liability company, General Partner of LNR Commercial Property Investment Fund Limited Partnership, a Delaware limited partnership, Member of LNR CPI A&D Holdings, LLC, a Delaware limited liability company,Member of LNR CPI Presidio Retail, LLC,a Texas limited liability company, known to me(or proved to me on the basis of satisfactory evidence) to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that he executed the instrument for the purposes and considerations therein expressed, in the capacity stated, and as the act and deed of said limited liability company Given under my hand and seal of office this day of ,2011. &L'xl� Notary Public in and r the State of Texas �r��'p r Pue�i CASEY L. ADAY g = Notary Public,state of Texas My Commission Expires November 12, 2013 OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX i LNR CPI Presidio Land, LLC, a Texas limited liability company By: LNR CPI A&D Holdings, LLC, a Delaware limited liability company, its member By: LNR Commercial Property Investment Fund Limited Partnership,a Delaware limited partnership, its member By: LNR CPI Fund GP, LLC a Delaware limited liability company, its general partner By: �k� A , STATE OF TEXAS § enneth A. Kristofek, Vice President COUNTY OF DALLAS § Before me,the undersigned authority,on this date personally appeared Kenneth A.Kristofek, in his capacity as Vice President of LNR CPI Fund GP,LLC,a Delaware limited liability company,General Partner of LNR Commercial Property Investment Fund Limited Partnership, a Delaware limited partnership,Member of LNR CPI A&D Holdings, LLC,a Delaware limited liability company,Member of LNR CPI Presidio Land, LLC, a Texas limited liability company, known to me(or proved to me on the basis of satisfactory evidence)to be the person whose name is subscribed to the foregoing instrument,and acknowledged to me that he executed the instrument for the purposes and considerations therein expressed, in the capacity stated,and as the act and deed of said limited- h compa y. Given under my hand and seal of office this day of ,2011. OFFICIAL RECORD Notary Public in d for the State of Texas CITY SECRETARY �i�pY P"9jn CASEY L. ADAY Notary Public,State of Texas FT. WORTH, TX fpfnnna�yc My Commission Expires `. November 12, 2013 4 APPROVED AS TO FORM APPROVED: AND LEGALITY: Assistant City Attorney Director of Fanning and D velopment ���babAAna Attested by: 0 atC F0R " a l 1 1 e, a,1►o � d � ��:. pF`o aa:C 0, NO M&(--- IiUIRF.�) Marty Hendrix, City Secretar� o a J1 --- t%� 00000000 "J Baan A x 4,d- STATE OF TEXAS § COUNTY OF TARRANT § BEFORE ME, the undersigned authority, a Notary Public in and for the State of Texas, on this day personally appeared Randle Harwood, known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that he/she executed the same for the purposes and consideration therein expressed, as the act and deed of the City of Fort Worth, and in the capacity therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE this day of i 20 ooti�aro.e� IRMA SAENZ NotaryPublic,state of Texas .� My commission Expires January 28, 2012 Notary Public in and for the State of Texas OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX Exhibit "A" Property Block A, Lots 1, 2, 7, 9, 10, 11, 12, 13, 14, 15, and 16 of The Presidio, an Addition to the City of Fort Worth, Texas, according to the Map or Plat thereof recorded in Cabinet A, Slide 12804 - 12086 of the Map Records of Tarrant County, Texas. Block A, Lot 3 and Block B, Lots 3 and 4 of The Presidio, an Addition to the City of Fort Worth, Texas, according to the Map or Plat thereof recorded in Cabinet A, Slide 12798 and 12799 of the Map Records of Tarrant County, Texas. Block C, Lots 1, 2, and 3 of The Presidio, an Addition to the City of Fort Worth, Texas, according to the Map or Plat thereof recorded in Cabinet A, Slide 12792 and 12793 of the Map Records of Tarrant County, Texas. Block D, Lots 1, 2, and 3 of The Presidio, an Addition to the City of Fort Worth, Texas, according to the Map or Plat thereof recorded in Cabinet A, Slide 13077 and 13078 of the Map Records of Tarrant County, Texas. Exhibit "A" Property— Solo Page Exhibit "B" Sign Plan UNIFIED SIGN AGREEMENT - SITEN w ,••�� 'moi t, � t." 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