HomeMy WebLinkAboutC2021-293 - 10/26/2021 - Approved THIRD AMENDMENT OF PARTICIPATION AGREEMENT
This is an amendment to the Participation Agreement, Document number 2017048025, originally
dated November 7, 2017, by and between: MPM Development, L.P. and the City of Corpus
Christi.
NOW, THEREFORE, in consideration of the mutual covenants herein, the Parties agree to amend
Participation Agreement, Sections (K)(3) & (Q) as follows:
K. DEFAULT. The following events shall constitute default:
3. Owner fails to complete construction of the Roadway Extension, under the
approved plans and specifications, on or before November 7, 2023.
Q This Agreement becomes effective, is binding upon, and inures to the benefits of
the City and the owner from and after the date of the last signatory to this
Agreement. This Agreement expires on November 7, 2023, unless terminated
earlier in accordance with the provisions of the Agreement.
All other terms and conditions of the original agreement remain effective and in full force.
EXECUTED IN ONE ORIGINAL and made effective this of k104t14.1W,2021
CITY OF CORPU ,' HRISTI
/ MPM DEVELOPMENT, L.P.
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Al Ra irons Ill, A, CBO Mossa Mo`s Mostaghasi
Director of Iev='opment Services General Partner
APPROVED AS TO FORM: I,
r )0-7.21 ATTEST,
MECCA HUERTA
Buck Brice (date) CITY SECRETARY
Assistant City Attorney
for the City Attorney
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SCANNED
FOURTH AMENDMENT OF WATER ARTERIAL TRANSMISSION AND GRID MAIN
CONSTRUCTION AND REIMBURSEMENT AGREEMENT
This is an amendment to the Water Arterial Transmission and Grid Main Construction and
Reimbursement Agreement, Document number 2017048024, originally dated November 7, 2017, by
and between: MPM Development, L.P. and the City of Corpus Christi.
NOW, THEREFORE, in consideration of the mutual covenants herein, the Parties agree to amend
Water Arterial Transmission and Grid Main Construction and Reimbursement Agreement, Section 5
as follows:
5. DEVELOPER AWARD CONTRACT FOR IMPROVEMENTS
Developer shall award a contract and complete the improvements to 12-inch waterline, under the
approved plans and specifications, by November 7, 2023.
All other terms and conditions of the original agreement remain effective and in full force.
EXECUTED IN ONE ORIGINAL and made effective this ,I Z.-day of •1041' S 9--) c... ,2021.
CITY OF CORPUS CHRISTI MPM DEVELOPMENT, L.P.
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Al a mo • Ill, AIA, CBO Mossa Moses ostaghasi
Dire or . Development Services General Partner
APPROVED AS TO FORM:
ATTEST: & C
REBECCA HIJFRTA
Buck Brice (date) CITY SECRETARY
Assistant City Attorney
for the City Attorney
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