City Council — Argyle

Exhibit B— Concept Plan For conceptual purposes only. Not approved or Final. YnaEormiswvi 10; 411!".'i H Di ., :

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may meet concepts of the Concept Plan and illustrations)

D— Infrastructure Infrastructure Current Cost Estimate 59, 000. 00 Water Utilities 100, 000. 00 Waste Water Utilities 148, 500. 00 Electric/ Gas Services 56, 500. 00 Improvements 294, 500. 00 Site Landscaping 639,500. 00 Parking Improvements 394, 272. 00 1, 692, 272. 00

has either submitted to the Town executed Form 1295 completed on and generated by the Texas Ethics Commission' s ( the TEC") online system in accordance with the provisions of Section 2252. 908 of the Texas promulgated TEC ( the " Form demonstrated that it is a publicly traded business entity or a wholly owned subsidiary of requirements Owner/ Developer to acknowledge TEC' s website not later than the 30th day after the receipt of such form.

shall not be released until the Town receives such assignment. No assignment by the Owner/Developer shall release the Owner/Developer from any liability that resulted from an act or omission by the Owner/ Developer that occurred prior to the effective date of the assignment unless the in writing. Each Agreement and the " Owner/ Developer" for the purposes of the obligation, right, title, or interest assigned to the Assignee. The Town shall not assign this Agreement.

minutes for the meeting held on March 10, 2026.

properties, due to existing site conditions)

APPROPRIATING $300,000.00 FROM THE UNAPPROPRIATED BALANCE OF THE MUNICIPAL DEVELOPMENT DISTRICT DEVELOPMENT PROJECT FUND FOR A DEVELOPMENT GRANT TO CDI 60 HAWK, LLC FOR THE ARGYLE MARKETPLACE PROJECT; PROVIDING A CUMULATIVE CLAUSE; A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

Coppell, TX 75019 E-mail: birwin@irwin- law.com

a " governmental governmental entity for general construction, an improvement, a service, or a public works project or for a purchase of supplies, materials, or equipment, and provides that the term includes a contract to obtain a professional or consulting service subject to Chapter 2254 of the Texas Government Code. The Owner/Developer represents, to the current actual knowledge of the Owner/Developer's Officer, in his or her representative capacity on behalf of the Owner/Developer, that, as of the date of this Agreement, to the extent this Agreement constitutes a governmental contract within the meaning of Section 2252. 151 of amended, solely of compliance F of Chapter 2252 of the Texa...

IN WITNESS WHEREOF, the undersigned parties have executed this Agreement as of the date last set forth below: The remainder of this page is intentionally left blank. J Owner/Developer: CDI 60 HAWK, LLC, a Texas limited liability company By: Colo Investment Manager, LLC, a Texas limited liability company, its manager Stephen Shannon,Shannon, Manager Municipal Development District Davd Wylie, Chairman TOWN OF ARGYLE, TEXAS unicipality V1101)4JYkO Cynt ' a Hermann, Mayor Pro- Tern Date: 1Z Erika McComis, Town Secretary 04ffillittoo, BEING all that certain lot, tract, or parcel of land situated in the S. A. Chambers Survey Abstract Number

may reduced or allocated elsewhere on- site, in locations approved by the Town)

Texas, being a part of that certain tract of land conveyed deed from John M. Marsden

from the effective date, which date shall be the date last executed below by the Parties Date"). This Agreement shall automatically terminate for all purposes with no recourse if Owner/Developer fails to purchase the Property within one hundred eighty 180) days of the Effective Date. After Owner/ Developer purchases Property and provides a deed reflecting the conveyance of the Property to Owner to the Town, this Agreement shall remain in full force and effect during the term unless sooner terminated as provided for herein.

for corner; E, 70. 58 feet with said east line of said Parcel 48 of land conveyed to the State of Texas and with said east line of said United States Highway Number 377 to a capped iron rod marked 4561 set for corner at the southeast corner of that certain Parcel 49 of land conveyed to the State of Texas recorded under Document Number 2022- 173447, Real Property Records, Denton County, Texas, said point being the southwest corner of Lot 1, Block A of 401 Argyle Addition, an addition to the Town of Argyle, to the plat thereof recorded under Document 2024- 68, Nat Records, Denton County, Texas; E, 401. 34 feet with line of said of Lot to iron rod found for corner at the most northerly south...

AGREEMENT (" Agreement") is made and HAWK, LLC, a Owner/ Developer" or " Owner"), the TOWN OF ARGYLE, a municipality existing, and organized under the laws of the State of Texas(" Town"), and the ARGYLE DEVELOPMENT DISTRICT, and development corporation District"), individually referred to a " Party" and collectively as the " Parties," in light of the following Recitals which are incorporated into and made a part of this Agreement for all WHEREAS, Owner/ Developer intends to purchase certain real property located in the Town, described and depicted in Exhibit A, attached hereto and incorporated herein Property"); and WHEREAS, the Board of Directors of the Municipal Development District ( t...

i,..) ! ..., hi; LI 1 - bf.. -__ _ _- Ar, Zi -"' nlriliiuii1aea n > nnlllui 1, lulllllll l BUILDING-0J FRONT ELEVATION IIIi' IIIIIIIIII jot ,!!„ RR

Argyle, TX 76226 Email: sshannon@shancap. com Attn: Barry Irwin Irwin Law Firm

provision 4. 1( a) within thirty ( 30) days of invoice from Owner/Developer in compliance with the Town' s standard procedures for payment of invoices.

not to exceed ($ 195, 000), such credit to be applied as building permit fees and roadway impact fees that would otherwise TERM OF AGREEMENT

funding to the reforestation fund)

WHEREAS, the Town oversees economic development programs authorized by Texas law and approved by the Town Council, including those authorized by Chapter 380 of the Texas Local Government Code, and has established a Program to promote state and local economic development and to stimulate business and commercial activity in the WHEREAS, the District is an economic development district created pursuant to Chapter 377 of the Texas Local Government Code to stimulate economic development the Town, and WHEREAS, the Town and the District have determined that the development of the Marsden Tract Property described in this Agreement is a project(" which will directly establish a public purpose and ...

Government Code, as amended.

light pollution to adjacent businesses and publicly owned land)

should parking demand exceed provided parking, a shared parking agreement with nearby properties will be required

to entrance to the Argyle Trail. Such restroom shall be maintained by the Town in a clean and sanitary manner, open to the public for the Farmer' s Market and at all times that both ( a) a private business is open for operation on the Property and ( b) the Argyle Nature Trail is open by Town Ordinance. Owner further agrees that such restroom will be constructed in conjunction with the development of Building C as set forth in Exhibit B. The Town' s maintenance obligations shall expressly survive the expiration and/ or termination of this Agreement. ii. Install separate electrical service for the Farmer' s Market and Argyle Nature Trail on the Property. iii. An internal pedestrian circulat...

Number 2020- 97696, Real Property Records, Denton County, Texas and being a part of Tract 3 of the W.C. Orr Subdivision, an addition to the Town of Argyle, Denton County, Texas, according to the plat thereof recorded Volume 1, Page 10, now held under Cabinet A, Page 178, Plat Records, Denton County, Texas and being more particularly described as follows: BEGINNING at a capped iron rod marked TXDOT found for corner at the southeast corner of that certain Parcel 48 of land conveyed to the State of Texas recorded under Document Number 2021- 61430, Real Property Records, Denton County, Texas, said point lying the east line of United States Highway Number 377, a public roadway having a variabl...

Argyle, TX 76226 E- mail: msims@argyletx. With a copy to: Attn: Town Attorney Town Attorney ofArgyle, Texas