Loading...
RSC Investment Management sell package 2024-05-10*---- REPUBLIC TITLE® May 13 , 2024 City of Coppell Attn: City Secretary 255 Parkway Blvd. Coppell, Texas 75019 RE: Our File #1002-394709 -RTT City of Coppell to RSC Investment Management Lot 2, Block A -City of Coppe ll UPTOWN COM M ERCIAL OFF ICE 2626 Howell Street , 10th Floor Dallas, Texas 75204 Main 2 14-855-8888 VIA FEDEX In connection with the above referenced transaction , enclosed please find th e following items: 1. Original Special Warranty Deed (w/e lectronically recorded copy); 2. Original Restriction Agreement (w/electronicall y recorded copy); 3. Copy of Seller Statement. Please feel free to contact us with any questions. REPUBLIC TITLE OF TEXAS INC A SUBSIDIARY OF First American Title Insurance Company ... ~. ,'f'J TITLE INSURANCE AGENT FOR: Alamo Title In surance Company, Chicago Title In surance Company, Commonwealth Land Title Insurance Company, Fidelity Nationa, f ,tk In s urance Company, First American Title Insurance Company, Old Republic National Title Insurance Company, Stewart Title Guaranty Company and Title Resourcell Guaranty Company *= REPUBLIC Tin.Ee File No: Escrow Officer: Estimated Settlement Date: Disbursement Date: Property: Lot 2, Block A, Coppell, TX Lot: 2 Buyer: Republic Tide of Texas, Inc. 2626 Howell Street, 10th Floor • Dallas, TX 75204 Office Phone:(214)855-8888 Office Fax:(214)855-8848 Seller's Settlement Statement 1002-394709-RTT Amy Castro/AC 05/10/2024 RSC Investment Management, LLC 123 Lodge Road Coppell, TX Seller: City of Coppell, a Texas home rule municipality 255 Parkway Blvd. Coppell, TX 75019 Description Seller Charge Seller Credit Consideration Total Consideration Adjustments Purchase Grant Title/Escrow Charges Texas Guaranty Fee -Owner Title Policy to TX Title Insurance Guaranty Association Tax Certificate (Commercial) to Data Trace Information Services Courier Fee to Re public Title of Texas, Inc e-RecordinQ Fee & TX Sales Tax (Simplifile) to Simplifile 1000 T-1/T-1R Single OTP (R-1 ) to Republic Title ofTexas, Inc. Recording Fee -DEED AND RESTRICTION AGRMT to Republic Title of Texas, Inc. Cash (X To) ( From) Seller Totals 10,650.00 4,150.00 2.00 90.00 30.00 6.40 328.00 70.00 5,973 .60 10,650.00 10,650.00 Settlement Statement Page 1 of 2 Print Date: 05/08/2024, 4:39 PM Selle1:'s Estimated Settlement Statement Settlement Date: File No: 1002-394709-RTT Officer: Amy Castro/AC Seller/Buyer understands the Closing or Escrow Agent has assembled this information representing the transaction from the best information available from other sources and cannot guarantee the accuracy thereof. Any real estate agent or lender involved may be furnished a copy of this Statement. Seller/Buyer understands that tax and insurance prorations and reserves were based on figures for the preceding year or supplied by others or estimates for current year, and in the event of any change for current year, all necessary adjustments must be made between Buyer and Seller direct. The undersigned hereby authorizes Republic Title of Texas 1 Inc. to make expenditures and disbursements as shown and approves same for payment. The undersigned also acknowledges receipt of Loan Funds, if applicable, in the amount shown above and a receipt of a copy of this Statement. Settlement Statement Page 2 of 2 Print Date: 05/07/2024, 11 :22 AM SIGNATURE ADDENDUM TO SETTLEMENT STATEMENT FILE NO: 1002-394709-RTT SELLER: City of Coppell, a Texas home rule municipality PURCHASER: RSC Investment Management, LLC, a Texas limited liability company SETTLEMENT OR ESCROW AGENT: Republic Title of Texas, Inc. TIN: 75-1825384 ADDRESS OF SETTLEMENT AGENT: 2626 Howell Street, 10th Floor, Dallas, TX 75204 Seller understands the Closing or Escrow Agent has assembled this information representing the transaction from the best information available from other sources and cannot guarantee the accuracy thereof. Any real estate agent or lender involved may be furnished a copy of this Statement. Seller understands that tax and insurance prorations and reserves were based on figures for the preceding year or supplied by others or estimates for current year, and in the event of any change for current year, all necessary adjustments must be made between Purchaser and Seller directly. The undersigned hereby authorizes Republic Title of Texas, Inc. to make expenditures and disbursements as shbwn and approves same for payment. The undersigned also acknowledges receipt of Loan Funds, if applicable, in the amount shown above and a receipt of a copy of this Statement. CITY OF COPPELL, TEXAS By : __J~~~~~.-,,,,::::.-:::,_ __ _ Name: ·_.:...;__:........,,_'-----l=A,;:IL----- Title: _ _J....._~_u~.DU~UilJ~-- Republic Title of Texas, Inc. After Recording, Return to: City of Coppell, Texas Attn: City Secretary 255 Parkway Blvd. Coppell, Texas 75019 NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OR ALL OF THE FOLLOWING INFORMATION FROM ANY INSTRUMENT THAT TRANSFERS AN INTEREST IN REAL PROPERTY BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER'S LICENSE NUMBER. Date: Grantor: May 8, 2024 City of Coppell SPECIAL WARRANTY DEED Grantor's Mailing Address: 255 Parkway Blvd., Coppell , Dallas County , Texas 75019 Grantee: RSC Investment Management, LLC , a Te xas limited liability company Grantee's Mailing Address: 123 Lodge Road Coppell , Texas Consideration: For and in consideration of the sum of TEN AND NOil 00 DOLLARS ($10.00) and other good and valuable consideration paid to Grantor by Grantee, the receipt and sufficiency of which is hereby acknowledged, the Grantor hereby grants , warrants , and conveys to Grantee in fee simple the Property subject to the reservation and exception as set forth herein: Property: The real property described as Lot 2 , Block A , Old Town Water Tank/Office Addition, an addition to the City of Coppell, Dallas County , Texas , according to the plat thereof recorded as Instrument No. 201200115455 , Map Records , Dallas County, Texas; together with all improvements , fixtures , and personal property loc ated thereon, and all (i) strips and gores between said tract and abutting properties , (ii) land lying in or under the bed of adjacent streets , alleys , roads or rights of way, (iii) easements or rights of way appurtenant to or otherwise benefitting said tract , (iv) utility capacities, commitments , reservations and other rights and capacities (including but not limited to stormwater detention rights) related to said tract, (v) all permits and approvals relating to said tract, (vi) all development rights relating to said tract, (vii) all rights to credits , refunds and reimbursements associated with sai d tract, (viii) all water and drainage rights associated with said tract, (ix) all reversionary rights related to said tract, and (x) all other rights and appurtenances of any kind related to said tract, but subject to the Permitted Exceptions. Reservations from Conveyance: Grantor specifically reserves unto Grantor all oil, gas and other minerals owned by Grantor located in and under and that may be produced from the Page 1 of 3 SPECIAL WARRANTY: COPPELL TO RSC INVESTME T MANAGEMENT, LLC. 4854-8359-8012 , V. 2 Property to the extent not reserved by prior grantors; provided , however, Grantor, for itself and its successors and assigns hereby waives all surface rights and other rights of ingress and egress in and to the Property, and agrees that in conducting operations with respect to the exploration for and production, processing , transporting and marketing of oil , gas and other minerals from the Property, that no portion of the surface of the Property will be used, occupied or damaged and that fi xtures , equipment, buildings or structures used in connection with the exploitation of the reserved mineral , oil and gas rights , shall not be placed on the surface of the Property. Nothing herein, however, restricts or prohibits the pooling or unitization of the portion of the mineral estate owned by Grantor with land other than the Property ; or the exploration or production of the oil , gas , and other minerals by means of wells that are drilled or mines that open on land other than the Property but enter or bottom under the Property, provided that these operations in no manner interfere with the surface or subsurface support of any improvements constructed or to be constructed on the Property. Exceptions to Conveyance and Warranty: 1. All streets , alleys , and easements affecting the Property and dedicated to the public as shown on the Plat of the Property recorded as Instrument No. 201200115455 , Real Property Records , Dallas County, Te xas. 2. Conveyance made herein is subject to the Restriction Agreement, executed simultaneously to this Special Warranty Deed, as set forth in Exhibit 'A', which is attached hereto and incorporated herein. 3. Liens for ad valorem taxes for the current and subsequent years , if any. Grantor , for the Consideration and subject to the Reservations from Conveyance and the Exceptions to Conveyance and Warranty , grants , sells , and conveys to Grantee the Property , together with all and singular the rights and appurtenances thereto in any way belonging , to have and to hold the Property to Grantee and Grantee 's successors and assigns forever. Grantor binds Gran tor and Grantor 's successors to warrant and forever defend all and singular the Property to Grantee and Grantee 's successors and assigns against every person whomsoever lawfully claiming or to claim the same or any part thereof when the claim is by, through, or under Grantor but not otherwise. When the context requires , singular nouns and pronouns include the plural. (Signatures on Following Page) Page 2 of 3 SPECIAL W ARRA TY: COPPELL TO RSC INVESTME T MANAGEMENT, LLC. 4854-8359-8012 , V. 2 SIGNED THIS .f\__day of_ ..... \/½ ________ .... 2.._.,.....,, ___ 2024; t By :_,_~...,,._ ........ e:...+-li-----'~---......... """""""'~---- W es ACKNOWLEDGMENT STATE OF TEXAS § § COUNTY OF DALLAS § Acknowledged before me , the undersigned authority , this 3__ day of fV\ Li , 2024, by Wes Mays , Mayor for the City of Coppell, a Texas home rule municipality , for and on behalf of said City. STATE OF TEXAS § § COUNTY OF DALLAS § Notary Public, State of Texas Commission Expires: V -\] -2 S- SIGNED AND ACCEPTED BY: RSC Investment Management, LLC, a :~company RS Living Trust, Dated May 31, 2023, its member. Title: Trustee AcknowJeqged before me , the undersigned authority , this \ ~ay of May 2024, by ( t.N, , Trustee , RS Living Trust, Dated May 31 , 2023 , its member, for RSC Investm t Management, LLC , a Texas limited liability comp y or and on behalf of said City. ,,~~•t~,,., ASHLEY OWENS ft·::;(;}.(;~ Notary Public, State of Texas ;;.~ .. ~)~§ Comm . Expires 02 -24-2027 ~irR~:~~ Notary ID 130128128 of Texas Commission Expires: ,Z, /-z t-{ } '2D -Z 1 Page 1 of 3 SPECIAL WARRANTY: COPPELL TO RSC INVESTMENT MANAGEMENT, LLC. 4854-8359-8012 , V . 2 WHEN RECORDED RETURN TO: City of Coppell, Tex as Attn: City Secretary 255 Parkway Blvd. Coppell, Texas 75019 EXHIBIT 'A' NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OR ALL OF THE FOLLOWING INFORMATION FROM ANY INSTRUMENT THAT TRANSFERS AN INTEREST IN REAL PROPERTY BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER'S LICENSE NUMBER STATE OF TEXAS COUNTY OF DALLAS § § § RESTRICTION AGREEMENT This RESTRICTION AGREEMENT ("Restriction Agreement") is made and entered into as of the Effective Date by and between the City of Coppell ("City"), a Texas home rule municipality, and RSC Investment Management, LLC, ("Developer"), a Texas limited liability company (City and Developer sometimes hereafter collectively referred to as "Parties " or separately as "a Party" or "the Party") RECITALS WHEREAS, as of the Effective Date, pursuant to the Purchase Agreement, Developer has purchased the Property from City ; and WHEREAS, City has , as a condition of the conveyance of the Land to Developer, restricted the use of the Property and required Developer to develop the Property with the Improvements in accordance with the terms and conditions set forth herein ; and WHEREAS, pursuant to the Purchase Agreement, City provided the Purchase Grant to Developer; and ' WHEREAS , the sale of the Property by City to Developer was conducted pursuant to Tex. Govt. Code §253.0125 which exempts the sale of property by a city from the requirement of seeking sealed bids as required by Tex. Loe. Govt. Code §272.00l(a) or listing property with a real estate broker on multiple listing service for 30 days prior to accepting an offer to purchase to property as required by Tex. Loe. Govt. Code §253 .008 ; and WHEREAS , Tex. Loe. Govt. Code §253.0125(c) requires the consideration for a transfer of property pursuant to Tex. Loe. Govt. Code §253.0125 to be in the form of an agreement between the parties that requires the purchaser to use the property in a manner that primarily promotes a public purpose of the municipality relating to economic development, which agreement must include provisions under which the municipality is granted sufficient control to ensure that the public purpose is accomplished and the municipality receives the return benefit ; and Page 1 Restriction Agreement City of Coppell and RSC Investment Management, LLC (454 Bethel Road -Old Water Tank Property) 5/7/2 024:4 88 3-2 80 5-6252 , V . l WHEREAS, the Parties desire to enter into this Restriction Agreement for the purpose of complying with the provisions of Te x. Loe. Govt. Code §253 .0125(c). NOW, THEREFORE, in consideration of the sum of TEN AND NO/100 DOLLARS ($10.00) and other good and valuable consideration , the receipt and sufficiency of which are hereby acknowledged , the Parties hereby agree as follows: Article I Property Subject to Declaration The Property shall be owned, held , leased , transferred, sold, mortgaged and/or conveyed by Developer and any subsequent owners of all or any part of the Property ( as hereinafter defined) for the term specified in Section 4.2 , subject to the terms of this Restriction Agreement. Article II Definitions For purposes of this Restriction Agreement, the following words and phrases shall have the followin g meanings unless the context clearly indicates a different meaning: "City Manager" means City 's City Manager and such other person employed by City to whom the City Manage r delegates the authority to provide such approvals , consents , notices , and other actions on behalf of City as provided in this Restriction Agreement. "Completion of the Project" mean s the in stallation of the Project is completed and approved by the City Manage r. "Developer" means RSC Inve stment Management, LLC , a Te xas limited liability company, and its successors and assigns. "Effective Date" means the date this Restriction Agreement is signed by the Parties. "Force Majeure" means any contingency or cause beyond the reasonable control of a Party including, without limitation , acts of God or the public enemy , war, riot, civil commotion, insurrection, City delay of permits or other approvals , government or de facto governmental action (unless caused by acts of omissions of the Party), fires , explosions or floods , strikes , slowdowns or work stoppages, adverse weather conditions , transportation delays or difficulties , shortages of materials or labor, financial institution shutdowns , epidemic or pandemic, electronic funds transfer delays or difficulties , and economic disruption s. "Project" means improvement of the Property with landscaping and hardscaping so the Property becomes usable as (i) a passive recreational open space area accessible to residents, business owners , and visitors to the "Old Town Coppell " development and (ii) a location for "pop-up" vendors and other uses reasonably promoting economic development activities within the development that are otherwise permitted in accordance with zoning regulations applicable to the Property (iii) a minimum of 1 00sf of flower beds , two (2) four foot benches and timber hardscaping delineating the vendor "pop-up" area .. "Property" means the real property described as Lot 2, Block A, Old Town Water Tank/Office Addition , an addition to the City of Coppell , Dallas County, Texas , according to the plat thereof recorded as Instrument No. 2 01200115455 , Map Records , Dallas County , Texas . Page 2 Restriction Agreement City of Coppell and RSC Investment Management, LLC (454 Bethel Road -Old Water Tank Property) 5/7/202 4 :4 88 3-2 805-62 52 , V. l "Purchase Agreement" shall mean that certain Purchase and Sale Agreement, as amended or assigned, by and between City and Developer, dated on or about March 24, 2024, relating to the sale of the Property by City to Developer. "Required Use" means the use of the Property for the Project and/or any other use approved in writing by City that primarily promotes a public purpose of City relating to economic development. Article III Completion of the Project 3.1 Time for Completion of the Project. Subject to Section 3.2, below, Developer shall take all reasonable and necessary steps and obtain all required approvals from City to cause Completion of the Project not later than the first anniversary of the Effective Date. 3.2 Force Maieure. In the event of Force Majeure, Developer shall have such additional time to cause Completion of the Project so long as Developer is diligently and faithfully pursuing the same. 3.3 City Remedies. If Completion of the Project has not occurred on or before the date required by Section 3.1 (as extended in accordance Section 3.2 , if applicable), not later than thirty (30) days after delivery of written demand by City to Developer (the "Refund Demand"), Developer shall reimburse to City the amount of the Purchase Grant plus interest accrued on said amount at the annual rate periodically announced by the Wall Street J oumal as the prime or base commercial lending rate, or if the Wall Street Journal shall ever ceases to exist or ceases to announce a prime or base lending rate , then at the annual rate of interest from time to time announced by Citibank, N.A. ( or by ahy other New York money center bank selected by City) as its prime or base commercial lending rate) from the Effective Date until the Purchase Grant plus interest is reimbursed ; provided, however, such reimbursement shall not be required if Developer has caused Completion of the Project to occur prior to the date City delivers the Refund Demand to Developer. Article IV Restrictions 4.1 Use of Property. Unless authorized in writing by City , no building or other improvements shall be constructed, reconstructed , erected, altered, placed on, or demolished and removed from, any portion of the Property if it in anyway impacts the Project and its intended purpose of reasonably promoting economic development activities within the development ,In addition to the Project, Developer may construct a fence around the perimeter of the Property that does not prevent the Project from being visible from the adjacent public street. 4.2 Term of Restrictions. The restrictions set forth in Section 4.1 , above , shall commence on the Effective Date and continue thereafter indefinitely ; provided, however, if Developer causes Completion of the Project as required by this Restriction Agreement, this Restriction Agreement, including the restrictions set forth in Section 4.1 , above , shall expire of the third (3rd) anniversary of the date of Completion of the Project. Article V Miscellaneous 5.1 Enforcement. City shall have the right, but not the obligation , to enforce this Restriction Agreement and any covenants and restrictions contained herein , as the same may be amended as herein provided. Subject to the limitation set forth in Section 4.1 , above , enforcement of the provisions set forth Page 3 Restriction Agreement City of Coppell and RSC Investment Management, LLC (454 Bethel Road -Old Water Tank Property) 5/7/2 024:488 3-2 80 5-625 2, V . 1 in Section 4.1 contained herein may be exercised after failure of any person or persons violating or attempting to violate any covenants or restrictions to cure such violation or breach within a thirty (3 0) day notice periods after receipt of written notice thereof, by proceeding at law or in equity, against any person or persons violating or attempting to violate any covenants or restrictions , to restrain violation or to recover damages , and failure to enforce any covenant, restriction or condition shall not be deemed a waiver of the right of enforcement either with respect to the violation in question or any other violation. This Restriction Agreement is not intended to restrict the rights of the City Council of the City of Coppell to exercise its legislative duties and powers insofar as the Property is concerned. For further remedy, Developer, for itself, its successors , and assigns agrees that City may withhold building permits , development approvals , certificates of occupancy and/or final inspection necessary for the lawful use of any portion of the Property not then in compliance with the Required Use. The rights of City under this Restriction Agreement may not be waived or released except pursuant to an amendment or termination approved in accordance with the provisions hereof, except by expiration of the Term. 5.2 Amendment. No amendment or termination of this Restriction Agreement shall be effective unless and until approved by Developer and City; provided , however, City may, without the consent of Developer, terminate and release the restrictions set forth in Section 4.1. If Developer or a subsequent owner of the Property desires to change, amend or alter the covenants, conditions or restrictions as set forth herein , Developer, or subsequent owner, as the case may be , shall file a written application for such change or amendment with City, which may approve or deny such request at its sole discretion. Any change or amendment approved by City shall not be effective unless and until an instrument executed by City's Mayor or City Manager is recorded in the Official Public Records in the office of the Dallas County Clerk in accordance with this Section 5 .2. 5.3 Notices. All notices , requests, demands or other communications required or permitted hereunder shall be in writing and shall be deemed to have been fully and completely made when given by hand , by confirmed facsimile transmission , by overnight delivery by Federal Express or other reliable courier or the mailing of such by registered or certified mail , addressed as follows: If intended for City, to: City of Coppell Attn: City Manager 255 Parkway Blvd. Coppell , Texas 75019 If intended for Developer, to: RSC Investment Management, LLC Attn: Rory N. Carrick, Director 123 Lodge Road Coppell, Texas With a copy to: Robert E. Hager Nichols , Jackson , Dillard, Hager & Smith, L.L.P. 500 North Akard, Suite 1800 Dallas, Texas 75201 Any Party may at any time and from time to time by notice in writing to the other Party hereto change the name or address of the person to whom notice is to be given as herein before provided. 5.4 Successors and Assigns. This Restriction Agreement shall bind , and inure to the benefit of, the Parties and their respective successors and assigns. Page 4 Restriction Agreement City of Coppell and RSC Investment Management, LLC (454 Bethel Road -Old Water Tank Property) 5/7/2 024 :488 3-2 805 -62 52 , V. 1 5.5 Governing Law. This Restriction Agreement is entered into and is intended to be performed in the State of Texas , and the validity , enforceability , interpretation and construction hereof shall be determined and governed by the laws (other than conflict of laws provisions) of the State of Texas. Venue for any action under this Restriction Agreement shall be in the state district court of Dallas County, Texas. The Parties agree to submit to the personal and subject matter jurisdiction of said court. 5.6 Recording. The Parties agree that City may record this Restriction Agreement in the Official Public Records in the office of the Dallas County Clerk. City agrees to execute and file a release of this Restriction Agreement in said records upon request of Developer after the expiration or termination of this Restriction Agreement. 5.7 Covenants Run with the Property. This Restriction Agreement and the restrictions , covenants, and conditions set forth herein are for the purpose of protecting the value and desirability of the Property and accomplishing certain public purposes of the City of Coppell and , consequently, shall run with the Property and be binding on Developer and all parties having all right , title, or interest in the Land, in whole or in part, and their heirs , successors and assigns. These covenants , conditions and restrictions shall be for the benefit of the City of Coppell, Texas. This Restriction Agreement is binding upon Developer and each and every subsequent owner, tenant, subtenant, licensee , manager, and occupant of all or any portion of the Property , but only during the term of such party 's ownership, tenancy , license , management or occupancy of the Property , for which such party shall remain liable and shall be binding upon and inure to the benefit of City and its successors and assigns. It is expressly understood and agreed that acceptance of title to all or a portion of the Property shall automatically, and without further acknowledgement or confirmation from the owner, constitute such owner 's assumption of the obligations of Developer hereunder. 5.8 Severability. Invalidation of any one of these covenants , conditions , or restrictions by judgment or court order shall in no way affect any other provisions , and all other provisions shall remain in full force and effect. 5.9 Entire Agreement. This Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof, and no statement, promise, representation, or modification hereof by any person, if any, and whether oral or written, shall be binding upon any Party. 5.10 Counterparts. This Agreement may be executed by the Parties in separate counterparts; each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute one and the same instrument. Each counterpart may consist of a number of copies hereof each signed by less than all , but together signed by all of the Parties. 5.11 Employment of Undocumented Workers. During the term of this Restriction Agreement, Developer agrees not to knowingly employ any undocumented workers and , if convicted of a violation under 8 U.S.C. Section 1324a (f), Developer shall repay the amount of the Purchase Grant and any other funds received by Developer from City as of the date of such violation within one hundred twenty ( 120) days after the date Developer is notified by City of such violation, plus interest at the set forth in Section 3 .3 until paid. Developer is not liable for a violation of this Section 5 .11 in relation to any workers employed by a subsidiary, affiliate, or franchisee of Developer or by a person with whom Developer contracts. (Signatures on Following Page) Page 5 Restriction Agreement City of Coppell and RSC Investment Management, LLC (454 Bethel Road -Old Water Tank Property) 5/7/2 024 :4 88 3-2 80 5-62 52, V. 1 City's Signature Page SIGNED AND AGREED on this °' day of _ ___,,£\C'....._........_-i_7 ____ , 2024. CITY OF COPPELL, TEXAS STATE OF TEXAS § § COUNTY OF DALLAS § Acknowledged before me , the undersigned authority, this 9\ day of •(V\ 2 JJ , 2024 , by Wes Mays , Mayor of City of Coppell, a Texas home rule municipality, on behalf of sai municipality. ,~-- Nota ~c, State of Texas My Commission expires: Page 6 Restriction Agreement City of Coppell and RSC Investment Management, LLC (454 Bethel Road -Old Water Tank Property) 5/7/2 024:4 88 3-2 805-62 52 , V. ] Developer's Signature Page SIGNED AND AGREED on this ~ day of M.&YV\ , 2024. STATE OF TEXAS § § COUNTY OF DALLAS § RSC Investment Management, LLC, a Texas limited liability company By: RS Living Trust, Dated May 31, 2023, its member Title: Trustee Th' instrument was acknowledged before me on the f D~ day of __ (V\ ___ .........,..... ____ _ 2024 , by ('' Trustee of the RS Living Trust, dated May 31 , 20 , and member of RSC Investme Manager, LLC , a Tex as limited liability corn pan , for and on behalf o said company . My Commission expires: 2 I 2-4 11c2-1 ,,,,.,,,,, ASHLEY OWENS "'''t,1-," Pu.,,, T fcf..·:;Ji:;f,t-:; Notary Public, State of exas ~lt._J'\}~§ Comm . Expires 02-24-2027 ~"1_·• ,-~~ 28 ~,,~·or~,~ Notary ID 1301281 1 ''''"''' Page 7 Restriction Agreement City of Coppell and RSC Investment Management, LLC (454 Bethel Road -Old Water Tank P~operty) 5/7/2 024:488 3 -2 805-6 2 52, V. ]