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RE 2013-0827.1 RESOLUTION NO.(f1/3-Q?t7 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COPPELL, TEXAS, AUTHORIZING THE MAYOR TO SIGN A TERMINATION AND RELEASE OF WATER, SANITARY SEWER, STORMWATER DRAINAGE, PARKING AND FIRELANE AGREEMENT RELATING TO LOTS 1 THROUGH 7, BLOCK A, THE VILLAGES OF OLD COPPELL, CITY OF COPPELL, DALLAS COUNTY, TEXAS; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City of Coppell ("the City") has contracted with the Coppell Economic Development Foundation to sell Lots 1 through 7, Block A, The Villages of Old Coppell, an addition to the City of Coppell, Dallas County, Texas, ("the Property") for the purpose of being resold and developed by CSE Commercial Real Estate, L.P. or assigns ("the Buyer") for purposes desired by the City; and WHEREAS, the Buyer has requested that the City terminate and release certain easements and covenants imposed on the Property by a prior owner which will be in conflict with the current concept for the development of the Property approved by the City; and WHEREAS,the City Council of the City of Coppell, Texas,finds it is in the best interest of the City of Coppell and its citizens to terminate and release such easements and covenants. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COPPELL, TEXAS THAT: SECTION 1. The Mayor of the City of Coppell, Texas, is hereby authorized to execute on behalf of the City a Termination and Release of Water, Sanitary Sewer, Stormwater Drainage, Parking and Firelane Agreement relating to the Property substantially in the form attached hereto as Exhibit 1 and incorporated herein by reference. SECTION 2. This resolution shall take effect immediately from and after its passage, and it is duly resolved. DULY PASSED and approved by the City Council of the City of Coppell, Texas, on this the 21121ay of 76t +— , 2013. APP 'O D: / ► 111 44 / • K, en Selbo Hunt, ayor A EST: �JI'I _If A//L/ Christel Pettino , City Secre . APPROVED AS TO FORM: , a Robert E. Hager, City Attorney (kb1:8/16/13:61846)