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<br />e <br /> <br />e <br /> <br />DEVELOPMENT AGREEMENT <br /> <br />, <br /> <br />~cQ)IPW <br /> <br />THE STATE OF TEXAS: <br /> <br />COUNTY OF HARRIS: <br />This agreement, made this J'1-1'''- day of l0c...(1)~ I~ <br /> <br />, 19 q 7 ,by and between the <br /> <br />City of La Porte, herein called .City". acting herein through its <br /> <br />City Manaaer <br /> <br />(Title of Authorized Official) <br /> <br />and SUMMER WINDS. LLC. EARL WILBURN, SECRETARY <br /> <br />of <br /> <br />Pasadena <br /> <br />. County of <br /> <br />Harris <br /> <br />. and State of <br /> <br />Texas <br /> <br />hereinafter called "Developer". <br /> <br />WITNESSETH <br /> <br />(1) Developer is the owner of certain property in the City of La Porte, Harris County, Texas, <br />identified as; portions of La Porte Outlots 718, 719, and a single family development <br />commonly referred to as Summer Winds, all adjacent to Caniff Road. Caniff Road is currently <br />an eighty (SO) foot wide right-of-way with inadequate roadway improvements to qualify as a <br />City maintained roadway. <br /> <br />(2) All references to "Roadway Improvement(s)" hereunder shall, for the purposes of this <br />agreement, refer to improvements to the subgrade, base, surface, and ditches within an eighty <br />(80) foot right-of-way known as Caniff Road, from the west right-of-way line of Underwood, <br />extending west approximately 1,700 feet, more or less, as shown on Exhibit "A", attached <br />hereto. The City prefers the installation of this roadway in accordance with sound development <br />guidelines for providing access to residential property and potentially Outlots 718 and 719. <br /> <br />(3) The estimated construction cost of the Roadway Improvements is $159,786 according to a table <br />prepared by the City's engineer which is attached hereto and incorporated herein for all <br />purposes as Exhibit "B". City further agrees to pay all engineering fees for survey, design, <br />contract documents, bidding, construction staking, construction inspection, and preparation of <br />As Built drawings, except as further defined herein. <br /> <br />(4) Developer agrees to contribute to the City for Roadway Improvements based on the following <br />mathematical formula: <br /> <br />Developer Cost = lh Cost of Improvements / Total Length of Frontage * Developer's Frontage <br />=1/2 ($159,786) / (2 * 17(0) * 2,150 <br />-=$50,520.57 <br />