13 - Paris Lakes Medical Center Development Agreement

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DEVELOPMENT AGREEMENT: PARIS LAKES MEDICAL CENTER (PLMC) This Development Agreement ("Agreement") is entered into as of the day of October, 2017 (the "Effective Date") by and between CITY OF PARIS, TEXAS, a Texas municipal corporation ("City'), and PARIS LAKES MEDICAL CENTER, LLC ("Developer"). WHEREAS, Developer desires to develop, for commercial purposes approximately 40.0 acres, more or less, of land LOCATED AT 2675 41ST Street SE, composed of Lot 1, Block A of the Paris Lakes Medical Center LLC Addition 346, as more particularly described in Exhibit "A" attached hereto and incorporated herein for all purposes (the "Property"); and WHEREAS, the development of the Property requires and necessitates that certain public improvements be made as described in an approved set of engineered construction drawings (the "Public Improvements"), and other matters described herein, including but not limited to the Developer's payment of certain fees; and WHEREAS, the parties agree that the portion of the Public Improvements to be constructed by or funded by Developer are proportional to the impact of the proposed development of the Property, said proportionality having been approved by the City's engineer; and WHEREAS, the development of the Property requires and necessitates that certain off-site water line improvements be extended to the Property as described herein, which off-site improvements do cross and benefit adjacent properties and are sized for ultimate development of surrounding properties; and the City agrees to pay for a portion of these off-site improvements as more particularly described in Exhibit "B"; and WHEREAS, the development of the Property requires and necessitates certain off-site waste- water utility improvements, specifically the upsizing of a portion of an existing ten inch (10") gravity sewer main to at least a fifteen inch (15") PVC sewer line, starting at the Southeast Lift Station ("SELS") and proceeding south to the point where the six-inch sewer force main from the planned PLMC lift station connects to the existing ten inch (10") gravity sewer line, and as more particularly described in Exhibit "C", the design, cost and construction of which shall be paid wholly by Developer; and WHEREAS, the development of the Property requires and necessitates certain off-site improvements to City lift stations, including upsizing the SELS, the proportional design, cost, and construction of which shall be paid by Developer and based on projected sewer flow amounts on the terms set forth in this Agreement; and WHEREAS, the development of the Property requires and necessitates certain on-site sanitary sewers and a sewer lift station, all of which will remain privately owned and maintained by Developer, including keeping in conformance with all local, state and federal regulations of said infrastructure, monitoring, and reporting; and WHEREAS, the development of the Property requires and necessitates certain improvements to a part of SE Loop 286 within TXDOT right-of-way, including acceleration and deceleration lanes, and said improvements, shall require an Advanced Funding Agreement (AFA) between the City of Paris and TxDOT, which must be accompanied by certain fees paid by City to TXDOT, and therefore Developer Page 1 of 11