HomeMy WebLinkAboutRes 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
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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'�
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TES.
Resolution 2 ; -36
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