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AMENDED DEVELOPMENT AGREEMENT <br />- Successors <br />day of _________, 2017. <br />Recitals <br />This agreement amends the previous version of this agreement approved by the City Council on September 11, <br />2006 and August 24, 2015. <br />Owner-Developer is developing an approximately 300-acre tract in the City of La Porte, as the Port Crossing, <br />which is referred to as the Tract and defined hereinafter in Article I. Owner-Developer and the Other Owners <br />are developing the Tract, presently zoned PUD, for retail, commercial, and business park with some industrial <br />uses. Owner-Developer and the Other Owners shall construct municipal utilities, including streets, a water <br />distribution system, wastewater collection system, and the storm drainage/detention system that will connect <br />with the existing City of La Porte and other regional systems in accordance with development regulations and <br />policies of the City, Harris County, and Harris County Flood Control District. <br />Holdings, L.P., a Texas limited partnership, Del Piso Investments, LLLP, a Arizona limited liability partnership <br />and FLPCW, LP, a Tex <br />land also containing a total of approximately 63 acres out of the Tract are joining in this Agreement for the <br />purpose of confirming their agreement to develop their respective portions of the Tract pursuant to the <br />provisions of this Agreement. <br />The City has required, and Owner-Developer and the Other Owners have agreed, that the Tract will be <br />developed in accordance with the General Plan approved by the City (as defined below and attached hereto). <br />AGREEMENT <br />NOW THEREFORE, in consideration of the mutual promises, obligations, and benefits contained herein, the <br />City and Owner-Developer agree as follows: <br />ARTICLE I. DEFINITIONS AND EXHIBITS <br />1.1 Definitions. Unless the context indicates otherwise, the following words as used in this Contract shall have <br />the following meanings: <br />City means the City of La Porte, Texas. <br />General Plan means the plan for the physical development and use of the Tract as defined herein and approved <br />by the City on 24th day of August, 2015, and as it may be amended from time to time.. <br />Owner-Developer means Port Crossing Land, LP or their assigns or succeeding developers (or their designated <br />agent or agents). <br />H-1491319901x_at.docx <br /> <br />