HomeMy WebLinkAboutC2006-286 - 6/30/2006 - NA
t.,
3618811028
P,002
Jt.:XTENSJON OF TNFltA::TRUCTURE DEVELOPMENT AGREEMENT
WHEREAS, tne parties hcrc\ I( ,CT. Navigation-Camero11.. LP, a Tcxa.~ Hmitt:d
paT\Mrsbip (the "Partnership" :l, l:1 nd the Ci ly ur CUrpllS Chrisr;. Texas. 8, Texas l)t\me-rule
municipal it)' (lhe "City"), on ADI;USt 19, 2005, entered into an T1l'ful~1ructurc
Development Agreement (th' "1'1 gremJr:r1t") relating to improvements to Bater. nrive~
and
WHEREAS. the A.gr~e:nt : r01" ides fot' an automatic expiration c4tt of June 30,2006. if
certain condition~ precedent :re,n m~t; and
WHEREAS, the conditions ~ ~cli'denl have nol b~en met and the parties desire to
continue in f~')I'Ce and ~n:ect t...: ti,;ms and conditions of the ^greement, as originally
:-olal.c::d und as may be amended b~' the First Amendment Ag.rccmCT1t. until at least
September 30, 200t'l;
NOW, TllJ.::.R/jFORE, in coD!.df'ation oflhc h~~fits anticipaTed by the terms of the
Agreement, \,')fthc mutual pI'<.cai:::i;:s of the parties. and of other good and valuable
cOD1;ideration. the receipt anc :~ul :iti~ncy of which is hereby acknowledged, the I'<l.rtie~
agroo as ftlllc)ws
l'he automatic eXJlimtion oat of f line 30.2006, as set forth in paragraph 5 (c) is hC:tchy
amended and extmded. to Sep1cn bet' 30. 2006.
All ornt:r tt::nns. conditions) cutie ." and obli3atic)f1:; ofrht parties under the Agreement
and under the first Amcndml.nt I' ) the Agreement, upon its approval. shall remain in full
tbrcc and cn~ct.
Dated thi!'\ the jJ01'" day of Jui Ic.~006.
City of Corpus Christi. Tcx&
^tte~t:
By
./
By
By ~
Amnmdo Chapa
City Secretary
Approved as to '"": ~_
tLt~liL\..,~!t.tI\ 2006-286
G~ W.~ R:I.cg-Dirl,.,slO<vScrIN.vig.tionl'"", I.. 06/30/06
Assistant CitylfAttDmey
For City Attoftey ('CT Navigation-Cameron
TOTAL P.002
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