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Chambers-CS 930422 STATE OF TEXAS } .'~ PERIMETER FACILITY AGREEMENT COUNTY OF DALLAS } THIS AGREEMENT is made and entered into this ~ ~'¢3ay of .//~-~),'~!/, 19~__~ by and between the city of Coppell, a municipal corporation hereinafter referr&l to as "CITY" and the undersigned, who are all the owners of the hereinafter named subdivision, hereinafter referred to as "OWNER". DEED 10.0t~ TOIL 10. O0 'q~TITNESSETH: AOOl 7502 O00OO00 0609 4:07PM 5/24193 WHEREAS. heretofore, OWNER has submitted a plat map of Lot 1 Block 1 Chambers Addition. an addition to the City of Coppell, Texas; and WHEREAS, the construction of Bethel Road or the execution of a contract by OWNER with CITY concerning the future construction of same is a prerequisite to the approval of said plat; NOW THEREFORE, CITY and OWNER do hereby agree that OWNER is hereby relieved of the responsibility of the immediate construction of same as a prerequisite to the approval and filing of such final plat map. However, OWNER shall construct same or pay to the City of Coppell the sum equal to the agreed value necessary for construction at the time the road is to be improved. CITY hereby reserves the right to demand either the construction of said project, or the payment of such funds as outlined above, at its sole discretion. It is fi~rther agreed and understood by the parties that this agreement shall constitute a negative covenant running with the land and shall be enforceable by the City of Coppell against OWNER, his subsequent heirs, assigns, and transferees. IN TESTIMONY WHEREOF, the parties to the Agreement, have hereunto set their hands the day and year above written. OWNER: Si~nature(] ~' . . Pfint~ Signature & Title Address City/State/Zip ~o~e O0 5551 ACCEtVltJ): MA LFE MAYOR City of Coppell LINDA G~U, ASSIST~ CI~ SEC~I~Y APPROVED AS TO ~: P~ER G. SM~H~City Attorney THE STATE OF TEXAS } City of Coppell Acknowledgement COUNTY OF DALLAS } BEFORE ME, the undersigned authority, on this day personally appeared MARK WOLFE, Mayor for the CITY OF COPPELL, TEXAS known to me to be the person and officer whose name is subscribed to the foregoing instrument and acknowledged to me that same was the act of the CITY OF COPPELL, a Texas home rule city, and that he executed same for the purposes and consideration therein expressed and in the capacity therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE this the cQ~7~ day of . .~:."..'7..'--. ?' ' ,' .'~ ..- , ". Notary Public in r :' . ~. ~:.. : -' '~-,, '. The State of Texas : -^"' ,~ '- -c, - -.. --_.. .... . ,; .... -,.. ~ ~ ~ .' ~,~. ~ ~ ~." -.. ,:.j,-: ........ _.~. /01]// 7/~/~ Notary's Printed Name i~i3~...,L~, i~/his'sion Expires: 93',j0 5552 THE STATE OF TEXAS } Corporate Acknowledgement COUNTY OF DALLAS } -~ BEFORE ME, the undersigned authority, on this day personally appeared Ia tn ~/ C J, /~_Jq,d m [~ , (name ~d title) ~own to me to be ~e person ~d officer w~se name is~scfib~ to the foregQing ins~ment ~d ac~owl~g~ to me that same was the act of said ~g~m ~ ~ ~~ ~ , a co~oration, and that he ex~ut~ same for the Pu~ses~nd Consideration t~erein express~ ~d in the capacity ~erein s~t~. GIVEN U~ER MY HA~ A~ SEAL OF OFFICE ais the ~ t~ ay of 19~. ~/ ' ~.. .~.., ,.... . ,~: ~"., .:..... -~ No~ Public in ~d for The S~te of Texas (S~AL) .-... Notary's Printed Name My Commission Expires: THE STATE OF TEXAS } Individual Acknowledgement COUNTY OF DALLAS } BEFORE ME, the undersigned authority, on this day personally appeared , known to me to be the person (s) whose name(s) is/are subscribed to the foregoing instrument and acknowledged to me that he/she executed same for the purposes and consideration therein expressed. GIVEN UNDER MY HAND AND SEAL OF OFFICE this the day of , 19 Notary Public in and for The State of Texas (SEAL) Notary's Printed Name My Commission Expires: 5553