HomeMy WebLinkAboutC2006-127 - 4/11/2006 - Approved
DEVELOPER COST SHARE AGREEMENT
FUNDING ACCESS MANAGEMENT IMPROVEMENTS
STATE OF TEXAS ~
COUNTY OF NUECf:S ~
THIS AGREEMENT IS entered into between the City of Corpus Christi, a Texas Home-Rule
Municipal Corporation, P. O. Box 9277, Corpus Christi, Texas 78469-9277, hereinafter
called "City" and SOl Realty, LTD., a Texas Limited Partnership, 712 Main, 29th Floor,
Houston, Texas 77002 hereinafter called "Developer".
WHEREAS. Developer in compliance with the City's Platting Ordinance, has recorded the
plat. Shannon Middle School Tract, Block I, Lots 2,3 and 4, Volume 64, Pages 103 & 104
for the development of Lot 4 as the Padre Commons Plaza, hereinafter called
"Development", EXHIBIT A ; and,
WHEREAS, the Developer has commenced construction of a retail development and related
site improvements within the respective subdivision lot in accordance with City approved
Building Permit. and
WHEREAS, the Developer wants to proceed with construction of driveway approaches onto
Airline Road without delay and interruption per Motion No. 2005-212 approved by City
eounct! on June 28. 2005; and.
WHEREAS. the City will contract for the design and construction of the required access
management improvernents, excluding driveway approaches, for expedience and to avoid
contlict with the developer's time schedule.
WHEREAS. the City will participate in the cost of the access management improvements
and.
NOW THEREFORE. the City and Developer, for and in consideration of the mutual
covenants herein exchanged to be kept and performed, the parties do hereby covenant, and
agree as follows
City authorizes the construction of driveway approaches per the layout submitted to
Developer on August 23, 2005
Developer agrees to contribute the share of access management improvements to include
materials and installatIon of delineators with curb along the right turn lane and along the
double yellow center line separating traffic, and new traffic island at the intersection of
Airline Road and S.H. 358 to address the traffic safety issues from the driveway approaches
onto Airline Road.
2006-127 ment Funding Access Management Improvements
04/11/06 :t, Block I, lot 4
\'12006-106
SOl Realt\
REQUIRED IMPROVEMENTS
Developer will participate in the construction of the described access management
improvements and Developer's share will consist of the cost of the materials and installation
of the delineator system with curb along the right turn lane and along the double yellow
center line separating traffic on Airline, and new traffic island at the intersection of Airline
Road and S.H. 358 as shown on the attached EXHIBIT B.
CONSTRUCTION CONTRACT AWARD
City will design the Improvements, bid construction of the improvements, and award a
construction contract for the required access management improvements, excluding driveway
approaches, along Airl ine Road to address the traffic safety and congestion issues resulting
from the two pemlitted driveways providing access to Lot 4, Block 1, Shannon Middle
School Tract
DEVELOPER SHARE
Developer shall pay the amount of $36,925.65 to the City. This amount is determined by the
Developer's cost estimate dated January 16,2006, EXHIBIT C, as Developer's share of the
required access management improvements, described in the Required Improvements.
INDEMNIFICA TION:
OWNER, COVENANTS TO FULLY INDEMNIFY, SAVE AND HOLD HARMLESS
THE CITY OF CORPUS CHRISTI, ITS OFFICERS, EMPLOYEES, AND AGENTS,
("INDEMNITEES") AGAINST ANY AND ALL LIABILITY, DAMAGE, LOSS,
CLAIMS, DEMANDS AND ACTIONS OF ANY NATURE WHATSOEVER ON
ACCOUNT OF PERSONAL INJURIES (INCLUDING, WITHOUT LIMITATION
ON THE FOREGOING, WORKERS' COMPENSATION AND DEATH CLAIMS),
OR PROPERTY LOSS OR DAMAGE OF ANY KIND WHATSOEVER, WHICH
ARISE OUT OF OR ARE IN ANY MANNER CONNECTED WITH, OR ARE
CLAIMED TO ARISE OUT OF OR BE IN ANY MANNER CONNECTED WITH
THE DESIGN, CONSTRUCTION, INSTALLATION, EXISTENCE, OPERATION,
US~~, MAINTENANCE, REPAIR, RESTORATION, OR REMOVAL OF THE
ACCESS MANAGEMENT IMPROVEMENTS ASSOCIATED WITH THE
DEVELOPMENT OF SHANNON MIDDLE SCHOOL TRACT, BLOCK 1 LOTS 4,
INCLUDING THE INJURY, LOSS OR DAMAGE CAUSED BY THE SOLE OR
CONTRlBVTORY NEGLIGENCE OF THE INDEMNITEES OR ANY OF THEM.
This agreement is a covenant running with the land and shall become effective and shall be
binding upon and shal] insure to the benefit of the parties hereto and their respective heirs,
successors. and assigns from and after the date of execution.
Developer Cost Share Agreement Funding Access Management Improvements
Shannon Middle School Tract, Block 1. 1.014
Page 2 of 4
EXECUTED IN DUPLICATE originals, this ll- day of J~~Al, { ,2006.
OEVE LOPER,:
SDI RC~~-< .
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:.....Q-narks w. Shears, General Partner
STATE OF TEXAS ~
COUNTY OF NUE,CfS ~
This instrument was acknowledged before me on. ~ /11t-, 2006, by Charles
W. Shears, as General Partner, of SOl Realty, LTD., a Texas limited liability partnership, on
behalf of said partnership.
..~~~~~~~
. .10-,,-
( ) :
~~;ii-;~Y
"/t"ttio"~
LORRAINE STUIAN
NOlary Public. State of Texas
My CommisSIC,n Expires
june 20, 2006
Developer Cost Share Agreement Funding Access Management Improvements
Shannon Middle School Tract, Block l, Lot 4
Page 3 of4
A TrEST:
TH E CITY OF CORPUS CHRISTI
..__l~iv~~_~
Amlando Chapa, City Secnttary
APPROVED
~ _ day of Fd>ruar4-
,2006
BY:._~ ~
.Jar/~. Smith
Assistant City Attorney
ST A TF OF TEXAS *
COUNTY OF NUECFS * "
This instrument was acknowledged before me on. ~. (7 , 2006, by George
K. Noe, City Manager of the City of Corpus Christi, Texas, a Texas home-rule municipal
corporation, on behalf of said corporation. ' 'I
~
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TAMERA L RilEY
Notary Pub,c
) TATE OF TE :<AS i>
My Comm. Exp. 0:;-26-2008 I>
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Developer Cost Share Agreement Funding Access Management Improvements
Shannon Middle School Tract, Block 1, I.ot 4
Page 4 nf4
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