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2025-022 - Approve the Reimbursement Agreement with Forestbrook Public Improvement District No. 1 â Lone Star Planned Developments, LLC
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2025-022 - Approve the Reimbursement Agreement with Forestbrook Public Improvement District No. 1 â Lone Star Planned Developments, LLC
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5/14/2025 11:00:54 AM
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5/14/2025 10:58:57 AM
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CITY CLERK
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City of Pan* s <br />Attn: City Manager <br />2313 Main Street <br />Paris, Texas 75135 <br />With a copy to: <br />Stephanie H. Harris <br />City Attorney <br />135 SE Ist Street <br />Paris, TX 75460 <br />Fr$V1TjâK= <br />Lone Star Planned Developments, LLC <br />Attn: Nathan Spaulding <br />609 S Goliad St #656 <br />Rockwall, Texas 75087 <br />Coats I Rose, P.C. <br />Attn: Timothy G. Green <br />9 Greenway Plaza, Suite 1000 <br />Houston, Texas 77046 <br />Any Party may change its address by delivering notice of the change in accordance with this <br />section. <br />4.11 Conflicts; Amendment. In the event of any conflict between this Agreement and <br />any other instrument, document, or agreement by which either Party is bound, the provisions and <br />intent of the Bond Indenture controls. This Agreement may only be amended by written agreement <br />of the Parties. <br />4.12 'y. <br />Sever4bilit, If any provision of this Agreement is held invalid by any court, such <br />holding shall not affect the validity of the remaining provisions. <br />4.13 Non -Waiver, The failure by a Party to insist upon the strict performance of any <br />provision of this Agreement by the other Party, or the failure by a Party to exercise its rights upon <br />a Default by the other Party, shall not constitute a waiver of such Party's right to insist and demand <br />strict compliance by such other Party with the provisions of this Agreement. <br />4.14 Third Part , Beneficiaries, Nothing in this Agreement is intended to or shall be <br />construed to confer upon any person or entity other than the City and the Developer, any rights <br />under or by reason of this Agreement. All provisions of this Agreement shall be for the sole and <br />exclusive benefit of the City and the Developer. <br />Reimbursement Agreement Page 15 <br />Forestbrook Public Improvement District No. I <br />01 85 1.000001\4908-9229-3155.v5 <br />
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