Loading...
Res 21-36 approving and agreement with LTF Real Estate Co., Inc. for 1R Block 3, Westlake/Southlake Addition Number OneTOWN OF WESTLAKE RESOLUTION NO.21-36 A RESOLUTION BY THE TOWN COUNCIL OF THE TOWN OF WESTLAKE, TEXAS, APPROVING A DEVELOPMENT AGREEMENT WITH LTF REAL ESTATE COMPANY, INC., FOR 1R, BLOCK 3, WESTLAKE/SOUTHLAKE PARK ADDITION NUMBER ONE. WHEREAS, as site plan amendment for 1 R, Block 3, Westlake/Southlake Park Addition Number One was approved by the Town Council on October 25, 2021; and WHEREAS, LTF Real Estate Company, Inc., as the owner and developer of land located within the Town, 01tends to construct a two-story, 109,000 square foot Life Time Fitness facility on I R, Block 3, Westlake/So uthlake Park Addition Number One; and WHEREAS, the Town of Westlake (Town) and LTF Real Estate Company, Inc. (the Developer) desire to enter into a partnership to ensure quality construction, building design and aesthetic excellence through a Development Agreement that reinforces compliance and consistency with the Westlake Building Quality Manual, provides for credits for off-siL- connections to Town owned utilities, and provides for plantingof trees and improvements to Town parkland adjacent to 1 R, Block 3, Westlake/Southlake Park Addition Number One; and, WHEREAS, the Town Council finds that the passage of this Resolution is in the best interest of the citizens of Westlake. NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF WESTLAKE, TEXAS: SECTION 1: That, all matters stated in the Recitals hereinabove are found to be true and correct and are incorporated herein by reference as if copied in their entirety. SECTION 2: That, the Town Council of the Town of Westlake, Texas, hereby approves the Development Agreement attached hereto as Exhibit "A" with the Developer; and further authorizes the Town Manager to execute said agreements and pursue any necessary procedures on behalf of the Town of Westlake. SECTION 3: If any portion of this Resolution shall, for any reason, be declared invalid by any court of competent jurisdiction, such invalidity shall not affect the remaining provisions hereof and the Council hereby determines that it would have adopted this Resolution without the invalid provision. SECTION 4: That this resolution shall become effective from and after its date of passage. Resolution 2 1-36 Page l of EXHIBITS EXHIBIT A DEVELOPMENT AGREEMENT Resolution 21-36 Page 3 of 3 PASSED AND APPROVED ON THIS 25"" DAY OF OCTOBER 2021. ATTEST: Tod Wood, Town Secretary ton Lotfry'fTo•wn Attorney �ul-4 - Laura Wheat, Mayor Amanda DeGan, Town Manager ��OF WESTC9'� -k TES. Resolution 2 ; -36 Page 2 of