Ordinance No. 15,770 ORDINANCE NO. 15,770
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS,
AUTHORIZING A SECOND AMENDMENT TO DETENTION AGREEMENT WITH
CAREYBLANCO MANAGEMENT, LLC, FOR THE COTTAGES AT SAN JACINTO
BLVD. PLANNED UNIT DEVELOPMENT; MAKING OTHER PROVISIONS
RELATED THERETO; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF.
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BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN,TEXAS:
Section 1: That the City Council of the City of Baytown, Texas, hereby authorizes and directs
the City Manager to execute a Second Amendment to Detention Agreement with CareyBlanco
Management,LP,successor in interest to REME Financial,LLC,for the purpose of changing the successor-
in-interest to Reme Financial, LLC from "CareyBlanco Management, LP" to "Baytown San Jac LP." and
allowing Baytown San Jac LP. to assign the Detention Agreement (and its amendments) to other entities
with the written consent of the City,which shall not be unreasonably withheld,and requiring Baytown San
Jac LP. to first obtain any assignee's written promise to abide by all terms of the Agreement and
amendments. A copy of said Second Amendment is attached hereto as Exhibit"A" and incorporated herein
for all intents and purposes.
Section 2: This ordinance shall take effect immediately from and after its passage by the City
Council of the City of Baytown.
INTRODUCED, READ and PASSED by the affi e vote of the Ci uncil of the City of
Baytown this the 1 I"day of April, 2024.
b�YT011�, NDON CAPETILL , Mayor
Af7EST:
o
ANGEL A SONF City Clerk
APPROVED S O FOI '�
SCOTT L OND, City Attorney
R:�ScotOOrdinances 24-04-1 l 2d Am Detention Agt.docx
EXHIBIT "A"
SECOND AMENDMENT TO DETENTION AGREEMENT
THE STATE OF TEXAS §
COUNTY OF HARRIS §
This Second Amendment("Second Amendment")to the Detention Agreement executed January 31,2022
between the CITY OF BAYTOWN, a municipal corporation located in Harris and Chambers Counties,
Texas (the "CITY"), whose address for purposes hereof is P.O. Box 424, Baytown, Texas 77522, and
REME Financial, LLC, a Texas limited liability company ("REME"), whose address for purposes hereof
is 701 Putter Ct, College Station, TX 77845-8997 (the "Agreement") (the "Agreement") is entered into
and effective as of this _ , day of 2024 ("Effective Date") by and between the CITY and
CareyBlanco Management LP, ("CareyBlanco") whose address for purposes hereof is
WHEREAS,CareyBlanco is the successor in interest to REME; and
WHEREAS, the principals of CareyBlanco anticipate multiple transfers of assets before complete
development of the property.
NOW,THEREFORE, the CITY and CareyBlanco agree as follows:
In accordance with paragraph 4.4 of the Agreement, the CITY and CareyBlanco amend the
Agreement as follows:
I.
Section 4.7 is amended as follows:
CareyBlanco, its successors and assigns, shall not assign this Agreement without first
obtaining the written consent of the CITY which shall not unreasonably be withheld.
CareyBlanco, its successors and assigns shall first obtain the assignee's written promise
to abide by all terms of the Agreement, First Amendment, and this Second Amendment.
EXECUTED ON this the day of ,2024(the "Effective Date").
CITY OF BAYTOWN
By:
JASON E. REYNOLDS, City Manager
ATTEST:
ANGELA JACKSON, City Clerk
APPROVED AS TO FORM:
SCOTT LEMOND, City Attorney
Detention Agreement,Page 1
EXECUTED ON this the day of , 2023.
CAREYBLANCO MANAGEMENT, LP.
(Signature)
(Printed Name)
(Title) - - -- -- -
STATE OF TEXAS §
COUNTY OF §
Before me, , the undersigned notary public, on this day personally appeared
the Managing Partner of CareyBlanco Management, LP., on behalf of such
limited liability company
known to me;
proved to me on the oath of ; or
proved to me through his.her current
{description of identification card or other document issued by the federal government or
any state government that contains the photograph and signature of the acknowledging
person)
(check one)
to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that
he/she executed that instrument for the purposes and consideration therein expressed.
Given under my hand and seal of office this day of ,20 .
Notary Public in and for the State of
Texas
My commission expires:
R:1ScotlTontractsUnd Am Detention Agreement-V2(assignment)-doc
Detention Agreement,Page 2