FIFTH AMENDMENT TO RESTRICTIVE COVENANT FOR ZONING …

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FIFTH AMENDMENT TO RESTRICTIVE COVENANT FOR ZONING CASE: C14-72-204 (RCA5) OWNER OF TRACT ONE: NRE Town Lake Property Owner, LLC, a Delaware limited liability company OWNER OF TRACT TWO: Ballpark Austin, LLC, a Delaware limited liability company OWNER OF TRACT THREE: NRE Zone, LLC, a Delaware limited liability company OWNER OF TRACT FOUR: BP Riverside West, LLC, a Delaware limited liability company OWNER OF TRACT FIVE: NRE Edge, LLC, a Delaware limited liability company OWNER ADDRESS (TRACTS ONE and TWO): 1801 Century Park West, 5 th Floor Los Angeles, CA 90067 OWNER ADDRESS (TRACTS THREE FIVE): 3100 McKinnon Street, Suite 250 Dallas, Texas 75201 CITY: The City of Austin, a home-rule city, municipal corporation and political subdivision of the State of Texas, in Travis County, Texas. CITY COUNCIL: The City Council of the City of Austin. CONSIDERATION: Ten and No/100 Dollars ($10.00) and other good and valuable consideration paid by the City of Austin to the Owner, the receipt and sufficiency of which is acknowledged. WHEREAS, Capitol National Bank in Austin, Trustee, Dickson Properties, Inc., Roberta Dickson, Mark Eight Associates, a Texas limited partnership, and Austin Country Club Estates, a Texas limited partnership, as owners of all that certain property consisting of approximately 497 acres of land more particularly described in Zoning Case No. C14-72-204 (the “Original Property”) entered into that certain Restrictive Covenant, dated as of January 31, 1975, and recorded in the Real Property Records of Travis County, Texas, on July 24, 1975, in Volume 5234, Page 2079, said restrictive covenant has been amended as follows: 1. The Amendment of Restrictive Covenant was filed of record in Volume 8506, Page 96, of the Real Property Records of Travis County, Texas; and, 2. The Amendment of Restrictive Covenant was filed of record in Volume 12783, Page 599, of the Real Property Records of Travis County, Texas; and, 3. The Second Amendment of Restrictive Covenant was filed of record in Volume 12969, Page 2837, of the Real Property Records of Travis County, Texas; and,

Transcript of FIFTH AMENDMENT TO RESTRICTIVE COVENANT FOR ZONING …

FIFTH AMENDMENT TO RESTRICTIVE COVENANT

FOR ZONING CASE: C14-72-204 (RCA5)

OWNER OF TRACT ONE: NRE Town Lake Property Owner, LLC, a Delaware limited

liability company

OWNER OF TRACT TWO: Ballpark Austin, LLC, a Delaware limited liability company

OWNER OF TRACT THREE: NRE Zone, LLC, a Delaware limited liability company

OWNER OF TRACT FOUR: BP Riverside West, LLC, a Delaware limited liability company

OWNER OF TRACT FIVE: NRE Edge, LLC, a Delaware limited liability company

OWNER ADDRESS (TRACTS ONE and TWO): 1801 Century Park West, 5th Floor

Los Angeles, CA 90067

OWNER ADDRESS (TRACTS THREE – FIVE): 3100 McKinnon Street, Suite 250

Dallas, Texas 75201

CITY: The City of Austin, a home-rule city, municipal corporation and

political subdivision of the State of Texas, in Travis County,

Texas. CITY COUNCIL: The City Council of the City of Austin. CONSIDERATION: Ten and No/100 Dollars ($10.00) and other good and valuable

consideration paid by the City of Austin to the Owner, the receipt

and sufficiency of which is acknowledged.

WHEREAS, Capitol National Bank in Austin, Trustee, Dickson Properties, Inc., Roberta

Dickson, Mark Eight Associates, a Texas limited partnership, and Austin Country Club Estates, a

Texas limited partnership, as owners of all that certain property consisting of approximately 497

acres of land more particularly described in Zoning Case No. C14-72-204 (the “Original

Property”) entered into that certain Restrictive Covenant, dated as of January 31, 1975, and

recorded in the Real Property Records of Travis County, Texas, on July 24, 1975, in Volume

5234, Page 2079, said restrictive covenant has been amended as follows:

1. The Amendment of Restrictive Covenant was filed of record in Volume 8506, Page

96, of the Real Property Records of Travis County, Texas; and,

2. The Amendment of Restrictive Covenant was filed of record in Volume 12783, Page

599, of the Real Property Records of Travis County, Texas; and,

3. The Second Amendment of Restrictive Covenant was filed of record in Volume

12969, Page 2837, of the Real Property Records of Travis County, Texas; and,

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Text Box
Item 111 PAZ

4. The Third Amendment of Restrictive Covenant was filed of record in Volume 13080,

Page 2185, of the Real Property Records of Travis County; and,

5. The Fourth Amendment of Restrictive Covenant was filed of record in Document No.

2002137171, of the Real Property Records of Travis County; and,

6. The Amendment to Agreement of Covenants and Restrictions was filed of record in

Document No. 2008069653, of the Real Property Records of Travis County; and,

7. The Second Amendment of Restrictive Covenant was filed of record in Document

No. 2015032881 of the Real Property Records of Travis County, (cumulatively

referred to as the “Restrictive Covenant”)

WHEREAS, the Restrictive Covenant provides that the covenant can be modified,

amended, or terminated by joint action of both a majority of the members of the City Council and

the Owner of the Property at the time of such modification, amendment or termination; and

WHEREAS, NRE Town Lake Property Owner, LLC; Ballpark Austin, LLC; NRE Zone,

LLC; BP Riverside West, LLC; and NRE Edge, LLC, as current owners (the “Owner”) of the

Property on the date of this Fifth Amendment to Restrictive Covenant (“Amendment”), desire to

amend the Restrictive Covenant to release approximately 97.09 acres of land, a portion of the

Original Property, more particularly described in Exhibits “A”, “B”, and “C” attached hereto

and made a part hereof, and generally identified in the map attached as Exhibit “D” (the

“Released Property”); and

WHEREAS, the City Council agrees the Restrictive Covenant should be amended to

release the Released Property.

NOW, THEREFORE, for and in consideration of the premises and mutual promises,

covenants, and agreement hereinafter set forth, the City and the Owner agree as follows:

1. The Restrictive Covenant is amended as of the date hereof to release the Released Property

from the terms and provisions of the Restrictive Covenant.

2. Except as expressly provided for in this Amendment, each and every one of the terms,

conditions, and provisions of the Restrictive Covenant, as set forth in the Restrictive

Covenant, shall continue in full force and effect on and after the effective date of this

Amendment.

3. The City Manager, or his designee, shall execute on behalf of the City, this Amendment as

authorized by the City Council of the City of Austin. The Amendment shall be filed in the

Official Public Records of Travis County, Texas.

EXECUTED this the ________day of ________________________________________, 2019.

Owner (Tract One):

NRE Town Lake Property Owner, LLC, a Delaware limited

liability company

By: NRE Town Lake Investors, LLC, a Delaware limited

liability company, its sole member

By: NRE Town Lake, LLC, a Delaware limited liability

company, its Managing Member

By: _______________________________

Name:__________________________

Title: _________________________

Owner (Tract Two):

Ballpark Austin, LLC, a Delaware limited liability

company

By: Nimes Stuho Ballpark Investors, LLC, a Delaware limited

liability company, its managing member

By: NRE Ballpark, LLC, a Delaware limited liability

company, its managing member

By: _______________________________

Name:_________________________

Title: _________________________

Owner (Tract Three):

NRE Zone, LLC, a Delaware limited liability company

By: BP Student Holdings, LLC, a Delaware limited liability

company

By: ________________________

Name:___________________

Title: ____________________

Owner (Tract Four):

BP Riverside West, LLC, a Delaware limited liability company

By: BP Student Holdings, LLC, a Delaware limited liability

company

By: ________________________

Name:___________________

Title: ____________________

Owner (Tract Five):

NRE Edge, LLC, a Delaware limited liability company

By: BP Student Holdings, LLC, a Delaware limited liability

company

By: ________________________

Name:___________________

Title: ____________________

CITY OF AUSTIN:

By: _______________________________

J. Rodney Gonzales

Assistant City Manager

City of Austin

APPROVED AS TO FORM:

Assistant City Attorney

City of Austin

THE STATE OF CALIFORNIA §

§

COUNTY OF ________________ §

This instrument was acknowledged before me on this the day of ____________2019,

by __________________________(name of signer), _______________________(title of signer) of

NRE Town Lake, LLC, a Delaware limited liability company, managing member of NRE Town

Lake Investors, LLC, a Delaware limited liability company, sole member of NRE Town Lake

Property Owner, LLC, a Delaware limited liability company, on behalf of said company.

_______________________________________

Notary Public, State of California

THE STATE OF CALIFORNIA §

§

COUNTY OF ________________ §

This instrument was acknowledged before me on this the day of ____________2019,

by __________________________(name of signer), _______________________(title of signer) of

NRE Ballpark, LLC, a Delaware limited liability company, managing member of Nimes Stuho

Ballpark Investors, LLC, a Delaware limited liability company, managing member of Ballpark

Austin, LLC, a Delaware limited liability company, on behalf of said company.

_______________________________________

Notary Public, State of California

THE STATE OF TEXAS §

COUNTY OF ______________ §

This instrument was acknowledged before me on this the ______ day of

_________________, 2019, by _________________ (Name), as __________________(Title) of

BP Student Holdings, LLC, a Delaware limited liability company, as sole member of NRE Zone,

LLC, a Delaware limited liability company, on behalf of said company.

__________________________________

Notary Public, State of Texas

THE STATE OF TEXAS §

COUNTY OF ______________ §

This instrument was acknowledged before me on this the ______ day of

_________________, 2019, by _________________ (Name), as __________________ (Title) of

BP Student Holdings, LLC, a Delaware limited liability company, as sole member of BP

Riverside West, LLC, a Delaware limited liability company, on behalf of said company.

__________________________________

Notary Public, State of Texas

THE STATE OF TEXAS §

COUNTY OF ______________ §

This instrument was acknowledged before me on this the ______ day of

_________________, 2019, by _________________ (Name), as __________________ (Title) of

BP Student Holdings, LLC, a Delaware limited liability company, as sole member of NRE Edge,

LLC, a Delaware limited liability company, on behalf of said company.

__________________________________

Notary Public, State of Texas

THE STATE OF TEXAS §

§

COUNTY OF TRAVIS §

This instrument was acknowledged before me on this the ______ day of

_________________, 2019, by J. Rodney Gonzales, as Assistant City Manager of the City of

Austin, a municipal corporation, on behalf of said municipal corporation.

__________________________________

Notary Public, State of Texas

After Recording, Please Return to:

City of Austin

Department of Law

P. O. Box 1088

Austin, Texas 78767-1088

Attention: C. Curtis, Paralegal

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C14-2012-0111

C14-72-204

NPA-2011-0021.02NPA-2012-0021.02

C14-05-0112

C14-05-0113

C814-06-0109

C14-05-0113.01

C14-97-0010

C14-02-0047

C14-00-2044

C14-2016-0115

C14-06-0138

C14-05-0113.04

C14-02-0055

C14-2014-0099

C14-99-2115

C14-02-0022

C14-95-0069

C14-99-0102

C14-05-0113

C14-2018-0064

C14-72-204(RCA2)

C14-2018-0065

C14-96-0097

C14-72-204(RCA3)

C14-93-0140

C14-00-2231

C14-2018-0088

C14-97-0044(RCT)

C814-2008-0087

C14-05-0112.02

C14-95-0168

C14-94-0170

C14-05-0112.03

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APTS

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r86-156

r86-196

r86-232

VAC

84-9871-42

94-34

87-27

73-27

94-0112

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72-204

65-158

67-150

81-169

71-260

72-327

76-029

86-224

78-223

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97-0010

02-0047 96-0047

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94-0170

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06-0138

94-0071

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SP-85-53

C814-74-008

RZ-85-015

C814-83-0101

72-204(RCA)

P83-87

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P82-91

P81-071

750814-B

96-0406C

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SP-05-1260C

SP-03-0132C

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APARTMENTS

94-0071

72-204

SP-96-0242C

APARTMENTS

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APARTMENTS

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94-0112

72-204

APARTMENTS

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65-158

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72-204

72-204

00-2044

72-204

72-204

72-204

72-204

78-223

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APARTMENTS

APARTMENTS

Restrictive Covenant Amendment

± This product is for informational purposes and may not have been prepared for or be suitable for legal,engineering, or surveying purposes. It does not represent an on-the-ground survey and represents only theapproximate relative location of property boundaries.This product has been produced by CTM for the sole purpose of geographic reference. No warranty is madeby the City of Austin regarding specific accuracy or completeness.

CASE#: C14-72-204(RCA5)SUBJECT TRACT

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1 " = 600 'Created: 8/5/2019