HomeMy WebLinkAboutC2021-178 - 6/15/2021 - ApprovedAMENDMENT OF PARTICIPATION AGREEMENT
This is an amendment to the Participation Agreement, attached hereto as Exhibit A and made a part
hereof, Document Number 2020031035, originally executed July 18, 2020 by and between: Walker
Holdings and Development, LLC and the City of Corpus Christi.
NOW, THEREFORE, in consideration of the mutual covenants herein, the Parties agree to amend
Reimbursement Agreement, Sections (11)(3) & (27) as follows:
Section 11. DEFAULT. The following events shall constitute default:
3. Developer fails to complete construction of the Roadway Extension and drainage
improvements under the approved plans and specifications on or before July 18, 2022.
Section 27. TERM. This Agreement becomes effective, is binding upon, and inures to the
benefit of the City and the Developer from and after the date of the last signatory to this
Agreement. This Agreement expires on July 18, 2022, 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 day of ��lu IS+� 2021.
CITY OFAORPUS CHRISTI
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Development Services
APPROVED AS TO LEGAL FORM:
(>La � 5'z7_zl
Buck Brice (Date)
Assistant City Attorney
For City Attorney
ATTEST:
RE CCA HUERTA
CITY SECRETARY
WALKER HOLDINGS AND
DEVELOPMENT, LLC
S � u —
Lance Walker,
Member / Vice President
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STATE OF TEXAS l §
v�.C. COUNTYOF CQY §
This instrument was acknowledged before me on =day ofcJlti 2021, by
Lance Walker, Member, Vice President on behalf of Walker Holding and
Development, LLC.
MARGARITA G. BAJYA I-
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sn?Notary Public, StateComm. Expires 03- Notaryublic s SignatureNotary ID 12416
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Nueces County
Kara Sands
Nueces County Clerk
Instrument Number: 2021038020
Official Public Records
AMENDMENT
Recorded On: July 26, 2021 11:52 AM Number of Pages: 3
" Examined and Charged as Follows: "
Total Recording: $25.00
STATE OF TEXAS
Nueces County
I hereby certify that this Instrument was filed in the File Number sequence on the date/time
printed hereon, and was duly recorded in the Official Records of Nueces County, Texas
Kara Sands
Nueces County Clerk
Nueces County, TX
*********** THIS PAGE IS PART OF THE INSTRUMENT ***********
Any provision herein which restricts the Sale, Rental or use of the described REAL PROPERTY
because of color or race is invalid and unenforceable under federal law.
File Information:
Document Number:
Receipt Number:
2021038020
20210726000114
Recorded Date/Time: July 26, 2021 11:52 AM
Record and Return To:
DEVELOPMENT SERVICES CITY OF CC
2406LEOPARD STREET
User: Margarita S CORPUS CHRISTI TX 78408
Station: CLERK01