The URL can be used to link to this page

Home My WebLink AboutContract 51453w.neP,11 1v� RECENED TRANSPORTATION IMPACT FEE CREDIT AGREEMENT )T 2 d 2018 vor-FORTWORTH THIS TRANSPORTATION IMPACT FEE CREDIT AGREEMENT (the "Agreement") is made CITY SECRETAay and entered into effective as of the Effective Date (as defined below), by and among THE CITY OF FORT WORTH, TEXAS (the "City"), a Texas home rule municipal corporation and HMH Lifestyles, L.P., a Texas Limited Partnership, and Big 5 Development, L.P., a Texas Limited Partnership (collectively the "Owner") (the City and the Owner a "Party", and collectively, the "Parties"). RECITALS WHEREAS, the Owner is the owner of approximately 4.366 acres in Tarrant County, Texas, as described by metes and bounds in Exhibit "A" (the "Property") located within the corporate boundaries of the City. A map of the Property showing its location is attached hereto as Exhibit "B"; and WHEREAS, the Owner desires to proceed with development of the Property as described or illustrated on the Development Plan, attached hereto as Exhibit "C", which Development Plan identifies the intended land uses in relation to the layout of on-site and off-site transportation facilities necessary for serving full development of the Property; and WHEREAS, the City has adopted a Transportation Impact Fee program pursuant to Texas Local Government Code Chapter 395, Ordinance No. 18083, under which charges ("impact fees") are imposed on new development for transportation facilities serving the development and which are identified within the City's adopted transportation improvements plan; and WHEREAS, transportation impact fees must be collected and spent within the service area(s) in which the new development is located; and WHEREAS, the Property is located within service area S; and WHEREAS, the transportation facilities shown on the Development Plan are identified within the City's adopted transportation improvements plan; and WHEREAS, Ordinance No. 18083 Section 1-15 provides for credits against impact fees for dedication or construction of transportation improvements shown on the adopted transportation improvements plan; and WHEREAS, Owner has submitted a final plat to the City for approval, for which the dedication of the transportation improvements shown on the Development Plan will be complete; and WHEREAS, based on the anticipated traffic impacts from the development, the City and Owner contemplate the necessity for the construction of system facilities, which must be credited against transportation impact fees otherwise due; and WHEREAS, the City, in accordance with Chapter 395, has determined the maximum transportation impact fees to be charged against new development within service area S to be $1,028, $2,370, or $2,984 per service unit (vehicle -miles of demand) if the property was platted on or before March 31, 2013, April 1, 2013 through March 31, 2018, or on or after April 1, 2018, respectively; and WHEREAS, the Owner has dedicated a total of 1 arterial, Chapin Road: CREDIT AGREEMENT - CA -18-001 Palmilla Springs / Chapin Village OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX t -of -way for eligible Page 1 of 21 Recorded as Cabinet A Slide 12306, recorded November 26, 2007; and Recorded as Instrument D214135535, recorded June 27, 2017; and Recorded as Instrument D218073564, recorded April 6, 2018. NOW, THEREFORE, for and in consideration of the mutual agreements, covenants, and conditions contained herein, and other good and valuable consideration, the City and the Owner hereby covenant and agree as follows: 1. Recitals. The recitals contained in this Agreement are true and correct as of the Effective Date and form the basis upon which the Parties negotiated and entered into this Agreement. 2. Transportation Improvements. Owner agrees to dedicate the rights-of-way for and construct the system facilities identified in Exhibit "D", which is attached hereto and incorporated herein by reference. For any transportation improvement which has been dedicated or constructed by Owner on the Property and accepted by the City prior to execution of this Agreement, the improvement shall be identified as completed on Exhibit "D". 3. Credits. The Parties agree that the estimated value of the credits for each transportation improvement, expressed in current dollars, shall be as set forth in Exhibit "E". The value of credits associated with the improvements first shall be reduced by the Schedule 2 impact fee associated with any lot for which a building permit has previously been issued, and the net value of credits shown on Exhibit "E" shall be considered as exact. 4. Phasing. The Parties acknowledge that, where it is anticipated that the project shall be developed in phases, the anticipated construction of improvements by phase shall be as depicted in Exhibit "D", which is attached hereto and incorporated herein by reference. 5. Allocation of Credits by Phase. The general allocation of credits to each phase of the development shall be as shown on Exhibit "F", which is attached hereto and incorporated herein by reference. The Parties agree that the credits identified in this Agreement shall not be deemed to have been created until the system facility for which credit is given shall either be guaranteed through an executed Community Facilities Agreement or approved and accepted by the City. The Parties further agree that, prior to the application of a credit against transportation impact fees otherwise due for any unit of development; the following events shall take place: (a) The Parties have entered into a Community Facilities Agreement for the dedication or construction of the system facility; (b) The number of credits resulting from such improvement has been valued; and (c) Concurrent with final plat approval, a credit allocation shall be provided by the developer for the phase of development to which the credit is to be applied, which allocation may either assign the credit, expressed in dollars, to each finally platted lot or may create a credit -pool to be utilized by that phase of development. (d) To the extent that any credit balance remains after allocation of credits this Agreement may be amended to allocate such unused credits to subsequent phases of the development. 6. Proportionality. Owner agrees that the obligation to dedicate and construct improvements to serve the development shown on the Concept Plan, as provided in section 2 of this CREDIT AGREEMENT - CA -18-001 Page 2 of 21 Palmilla Springs / Chapin Village Agreement, and the credits against transportation impact fees attributed to such contributions and generally allocated to phases of the development herein, are roughly proportionate to the nature and extent of the development shown on the Concept Plan. 7. Term and Effective Date. The initial term of this Agreement shall be ten (10) years from its Effective Date, in accordance with Ordinance No. 18083, which shall be the date on which the last party executes the Agreement. 8. Agreement to Run with the Land. Owner shall have the right to assign this Agreement to any person or entity ("Owner's Assignee") with the written consent of the City, provided: (a) the assignment is in writing executed by the Owner and its assignee; and (b) the assignment incorporates this Agreement by reference and binds the Owners Assignee to perform (to the extent of the obligations assigned) in accordance with this Agreement. Each Owner's Assignee shall become a Party to this Agreement upon the execution of such assignment. In no event may this Agreement be construed to authorize assignment of any credits attributable to a system facility to be dedicated or constructed hereunder for use outside the boundaries of the Property. 9. Amendment. This Agreement shall not be modified or amended except as follows: (a) Any amendment or modification to this Agreement or any Exhibit or schedule hereto shall be in writing and signed by the Parties. (b) Any revision, amendment, or modification to this Agreement, the Development Plan, or any Exhibit or schedule thereto, shall become effective on the date executed by the Parties or, as applicable, upon the date of approval by the City Council or designated city official. 10. Exhibits. The exhibits attached to this Agreement are incorporated as part of this Agreement for all purposes as if set forth in full in the body of this Agreement. (Remainder of Page Intentionally Left Blank) CREDIT AGREEMENT - CA -18-001 Page 3 of 21 Palmilla Springs / Chapin Village IN WITNESS WHEREOF, the undersigned parties have executed this Agreement as of the day of 006 W#t*y, 2018. CITY OF FORT WORTH, TEXAS OWNER en�2�evecat J. Assistant City Manager ____ TTTT ��• Recommended By: Approved as to Form and Legality: cdak� Douglas Black Assistant City Attorney M&C: None required Form 1295: None required ATTEST: Mary 0. Kayser City Secretary CREDIT AGREEMENT - CA -18-001 Palmilla Springs / Chapin Village HMH Lifestyles, L.P. a Texas limited partnership By: BNMJR, Inc. Big 5 Development, L.P. a Texas limited partnership By: Bushbuck, Inc. Contract Compliance Manager: By signing, I acknowledge that I am the person responsible for the monitoring and administration of this contract, including ensuring all performance and reporting requirements. a'Westerman uate Engineer OFFICIAL RECORD CITY $ECRETARY FT. WOR'THr TX EXHIBIT LIST "A" Description of the Property "B" Map of Property "C" Development Plan "D" Transportation Improvements "E" Credits Against Transportation Impact Fees "F" Allocation of Credits CREDIT AGREEMENT - CA -18-001 Page 5 of 21 Palmilla Springs / Chapin Village EXHIBIT A Description of Property CREDIT AGREEMENT - CA -18-001 Page 6 of 21 Palmilla Springs / Chapin Village EXHIBIT A Description of Property Being 4.366 acres of land situated in the C.K. Gleason Survey, Abstract No. 559, City of Fort Worth, Tarrant County, Texas and being a portion of right-of-way (R -O -W) for Chapin Road dedicated by plats for Palmilla Springs, additions to the City of Fort Worth, Tarrant County, Texas, filed in Cabinet A, Slide 12306, Inst. #D214135535 and Inst. #D218073564, Plat Records of Tarrant County, Texas (P.R.T.C.T.) and being more particularly described by metes and bounds as follows: BEGINNING at the northeast corner of Lot 55, Block 1, of said Palmilla Springs, (Cabinet A, Slide 12306), said point being on the south right-of-way (R -O -W) line of Chapin Road (80' R -O -W at this point); THENCE along the south R -O -W line of said Chapin Road, the following courses and distances; N 89°50'32" W, passing along the north line of said Block 1 and Block 2 of said Palmilla Springs (Cabinet A, Slide 12306), a distance of 533.13 feet to the beginning of a curve to the right, having a radius of 1040.00 feet and a chord that bears N 86°32'48" W, a distance of 119.58 feet; Northwesterly, along said Block 1 and along said curve, through a central angle of 06°35'29", an are distance of 119.65 feet to the end of said curve; N 83°15'03" W, continuing along the north line of said Block 1, a distance of 134.84 feet to the beginning of a curve to the left, having a radius of 960.00 feet and a chord that bears N 86°43'27" W, a distance of 116.33 feet; Northwesterly, continuing along the north line of said Block 1 and along said curve, through a central angle of 06056'49", an are distance of 116.40 feet to the end of said curve; S 89°48'08" W, continuing along the north line of said Block 1 and along the north line of Block 5 of said Palmilla Springs (Cabinet A, Slide 12306), a distance of 547.91 feet to the beginning of a curve to the right, having a radius of 1090.00 feet and a chord that bears N 71°25'24" W, a distance of 701.61 feet; Northwesterly, continuing along the north line of said Block 5, and the north line of Block 7 of said Pamilla Springs (Cabinet A, Slide 12306), and along the north line of Block 7 and Block 8 of said Pamilla Springs (Inst. #D218073564), along said curve, through a central angle of 37°32'55", an are distance of 714.33 feet to the end of said curve; Sheet 1 of 3 N 52°38'57" W, continuing along the north line of said Block 8, a distance of 145.62 feet to the beginning of a curve to the left, having a radius of 1610.00 feet and a chord that bears N 71 ° 10'24" W, a distance of 1023.01 feet; Northwesterly, continuing along the north line of said Block 8, and along a remainder tract of land described to Martha Leonard Griffith et al, according to deeds recorded in Volume 6382, Page 327, Volume 8034, Page 1030, Volume 12101, Page 1258 and Volume 14240, Page 48, D.R.T.C.T, and along said curve, through a central angle of 37°02'54", an arc distance of 1041.05 feet to the end of said curve; THENCE N 000 18'09" E, along the common line of said Martha Leonard Griffith, et al, remainder tract and the west R -O -W line of said Chapin Road, a distance of 40.00 feet to the north line of said Martha Leonard Griffith, et al remainder tract in the approximate centerline of existing Chapin Road (County Road 1029); THENCE S 89041'51" E, along the approximate centerline of said existing County Road 1029, a distance of 482.04 feet to the northwest corner of a tract of land conveyed to Big 5 Development, L.P. by deed recorded in Instrument #D206209890, D.R.T.C.T; THENCE along the common line of said R -O -W for Chapin Road and said Big 5 tract, the following courses and distances; S 02021'40" W, a distance of 29.90 feet to the beginning of a curve to the right, having a radius of 1690.00 feet and a chord that bears S 62054'22" E, a distance of 601.85 feet; Southeasterly, along said curve, through a central angle of 20030'50", an arc distance of 605.08 feet to the end of said curve; S 52038'57" E, a distance of 145.62 feet to the beginning of a curve to the left, having a radius of 1010.00 feet and a chord that bears S 70044'04" E, a distance of 627.07 feet; Southeasterly, along said curve, through a central angle of 36010'14", an are distance of 637.61 feet to the southeast corner of said Big 5 tract in the approximate centerline of said existing County Road 1029; THENCE S 00018'29" W, along said centerline, a distance of 60.32 feet to the most northerly northwest original corner of Pamilla Springs (Cabinet A, Slide 12306); Sheet 2 of 3 THENCE along the original north and east boundary lines of said Pamilla Springs (Cabinet A, Slide 12306) the following courses and distances: S 89°58'11" E, a distance of 1475.41 feet to the original northeast corner of said Pamilla Springs; S 00°04'01" W, a distance of 48.38 feet to the POINT OF BEGINNING and containing 4.366 acres of land. Sheet 3 of 3 EXHIBIT B Map of Property CREDIT AGREEMENT - CA -18-001 Page 7 of 21 Palmilla Springs / Chapin Village HORNBY 4' BING F(EisyMgNm m NES o�Q4�2 ��Fy�f ,y,_ F �'�' NC ers A Q ��• SGN'W� "�R f 1� GRO SET > a I W o to n P Q t^O 9 Wfs> POINT ' WEST FATHERFORD 49LD FATHER ORD A A w I mE W A OLD WEATHERFORD n I J P� CHAPIN D�N SANTA cLARn G SANTA A 0N1 w 3 RICHLAND RICH D SANTA PAULA PALO PINTO o 30 o D D 580 w. s= y F D i W 3 C BAR s y CHAPIN 0 w U A SHADY 0-e e > z 3 CREE 6 li '' z x x o WIN �- p9c�r a 0 CREfK — W OD NORTH NEW Ob Jm — — Vicinity Map Exhibit B Palmilla Springs Phase 4 Scale: 1 " = 4000' Mapsco Pg. 72J Council District # 3 tnp teague nail and perkins, inc 5237 N. Riverside Drive, Suite 100 Fort Worth, Texas76137 817.336.5773 ph 817. 336. 2813 f. w— npinc.com TBPE: F-230; TBPLS: 10011600, 10011601, 10194381 EXHIBIT C Development Plan CREDIT AGREEMENT - CA -18-001 Page 8 of 21 Palmilla Springs / Chapin Village CREDIT AGREEMENT - CA -18-001 Page 9 of 21 Palmilla Springs / Chapin Village I EXHIBIT D Transportation Improvements via 42Val, E 2'= JF 22 02 j: 'u CL CL z 2 �� j§! •_ ' -x c P uj tu �4' 4 m -v CREDIT AGREEMENT - CA- 18-001 Page 10 of 21 Palmilla Springs / Chapin Village FYT.TTRTT F Credits Against Transportation Impact Fees Net Credit Against Transportation Impact Fees Palmilla Springs Value of Capacity Provided City Proiect ;# Plat Case # Phase Eligible Arterial Value 00551 FP -007-038 1 Chapin Rd S 531,262.08 02221 FP -013-071 2 Chapin Rd $ 185,365.54 02658 FP -15-047 3 N/A $ - 101026 FP -17-031 4 Chapin Rd $ 904,271.52 Value of ROW Dedication Instrument# Plat Case # Phase Eligible Arterial Value c>b.ASlide 12306 FP -007-038 1 Chapin Rd S 64,947.15 D214135535 FP -013-071 2 Chapin Rd S 31,431.74 FP -17-031 4 Chapin Rd S 235,546.15 Value of Existing Demand CREDIT AGREEMENT - CA -18-001 Palmilla Springs / Chapin Village $ 128,000.00 Net Credit Available $ 1,824,824,17 Page 11 of 21 Existing demand for Palm ilIa Springs Permit Fitt Status Opened Date Street Fees Paid Fees Due _ P507-12267 Finaled 10/30/2007 2900 WAKECREST DR S - S 2,000.00 P807-12268 Finaled 10/30/2007 2904 WAKECREST DR $ - $ 2,000.00 PB07-12269 Finaled 10/30/2007 2908 WAKECREST DR $ - $ 2,000.00 PB07-12270 Finaled 10/30/2007 2912 WAKECREST DR $ - $ 2,000.00 PB07-12271 Finaled 10/3012007 2916 WAKECREST DR $ - S 2,000.00 PB07-13494 Finaled 12/10/2007 3021 WISPY TRL $ - $ 2,000.00 PB07-13496 Finaled 12/10/2007 3017WISPYTRL $ - $ 2,000.00 PB07-13497 Finaled 12/10/2007 3013 WISPY TRL $ - S 2,000.00 PB07-13498 Finaled 12/10/2007 3020 WISPY TRL $ - $ 2,000.00 P807-13499 Finaled 12/10/2007 3024 WISPY TRL $ - $ 2,000.00 P508-01386 Finaled 02/18/2008 10513 HORN FROG ST $ - $ 2,000.00 PB08-02207 Expired 03/03/2008 3025 YOAKUM ST $ - $ 2,000.00 PB08-02208 Finaled 03/03/2008 3045 YOAKUM ST S - $ 2,000.00 PBOS-02217 Finaled 03/03/2008 2940 WISPY TRL $ - S 2,000.00 PBOS-02385 Finaled 03/06/2008 3037 YOAKU M ST $ - S 2,000.00 PB08-02392 Finaled 03/06/2008 2900 EARLY FAWN CT $ - $ 2,000.00 PB08-02841 Finaled 03/17/2008 10509 HORNFROG 5T $ - S 2,000.00 PBOS-03166 Expired 03/2512008 3036 YOAKUM ST S - $ 2,000.00 PBOS-03453 Finaled 04/01/2008 10517 HORN FROG ST $ - S 2,000.00 PBOS-03454 Expired 04/0112008 3012 WISPY TRL $ - S 2,000.00 PB08-04364 Expired 04/21/2008 3028 WISPY TRL $ - S 2,000.00 P808-04563 Finaled 04/24/2008 3009 WISPY TRL $ - $ 2,000.00 PB08-04564 Finaled 04/24/2006 3009 YOAKUM ST $ - $ 2,000.00 P808-04376 Finaled 04/24/2008 3032 WAKECREST DR $ - S 2,000.00 PB08-05122 Finaled 05/06/2008 3025 WISPY TRL 5 - S 2,000.00 PB08-05600 Expired 05/19/2008 2901 WISPY TRL- PB08-05699 Finaled 05/21/2008 2912 EARLY FAWN CT $ - S 2,000.00 PB08-05719 Finaled 05/21/2008 3044YOAKUMST $ - $ 2,000.00 PB08-05979 Expired 05/29/2008 2900 WISPY TRL $ - $ - PB08-06173 Finaled 06/03/2008 3012 YOAKUM ST $ - $ 2,000.00 PB08-06291 Finaled 06/05/20082924WISPY TRL $ - S 2,000.00 PB08-06295 Expired 06/05/20082932 WISPY TRL $ - $ - PBOS-06299 Expired 06/05/2008 2905 YOAKUM ST $ - S - PB08-06575 Finaled 06/11/2008 3001 WISPY TRL S - S 2,000.00 PB08-06576 Fnaled 06/11/21308 2957 WISPY TRL $ - S 2,000.00 PBOS-06606 Finaled 06/12/2008 292-5 YOAKUM ST S - S 2,000.00 PB08-06876 Finaled 06/19/2008 2904 EARLY FAWN CT $ - S 2,000.00 PB08-06953 Expired 06/23/2008 2917 YOAKUM ST $ - $ - PBO8-07015 Finaled 06/24/2008 3001 YOAKUM ST $ - $ 2,000.00 PB08-07063 Expired 06/25/2008 3045 WISPY TRL S - S - PB08-07236 Finaled 06/30/2008 2924 EARLY FAWN CT $ - S 2,000.00 P808-07237 Finaled 06/30/2008 3028 WAKECREST DR $ - S 2,000.00 PB08-08933 Finaled 08/14/2008 2920 EARLY FAWN CT $ - S 2,000.00 P808-09098 Finaled 08/19/2008 3004 YOAKUM ST $ - $ 2,000.00 PBOS-09459 Finaled 09/02/2008 2928 EARLY FAWN CT $ - $ 2,000.00 PB08-09594 Finaled 09/04/2008 2916 YOAKU M ST $ - S 2,000.00 P808-09809 Finaled 09/1012008 2916 EARLY FAWN CT $ - $ 2,000.00 P508-10854 Finaled 10/15/2008 3028 YOAKUM ST $ - $ 2,000.00 P608-11.209 Finaled 10/27/2008 3040YOAKUM ST $ - S 2,000.00 P808-12122 Finaled 12/03/2008 3029 WISPY TRL $ - S 2,000.00 PBOS-12124 Finaled 12/03/2008 10501 HORN FROG ST $ - $ 2,000.00 PB08-12613 Expired 12/22/2008 34D9 WAKECREST DR $ - $ - CREDIT AGREEMENT - CA -18-001 Page 12 of 21 Palmilla Springs / Chapin Village Existing Demand for Palmilla Springs (continued) Permit No. Status Opened date Street Fees Paid Fees Due PB09-00100 Finaled 01107/2009 2944 WISPY TRL $ - S 2,000.00 PB09-00650 Finaled 02102/2009 10413 WAGON RUT CT $ - $ 2,000.00 PB09-01020 Finaled 02/16/2009 10409 WAGON RUT CT $ - S 2,000.00 PB09-03862 Finaled 05/14/2009 3024 YOAKUM ST $ - $ 2,000.00 PB09-03864 Finaled 05/14/2009 2920 WISPY TRL $ - $ 2,000.00 PB09-03945 Finaled 05118/2009 2908 EARLY FAWN CT $ - 5 2,000.00 PB09-03946 Expired 05/18/2009 3020 YOAKUM ST - P509 -05081 Finaled 06/18/2009 3016 YOAKUM ST $ - $ 2,000.00 PB09-05996 Finaled 07/14/2009 3013YOAKUM ST $ - S 2,000.00 PB09-06117 Finaled 07/16/2009 3005 WAKECREST DR S - S 2,000.00 P509-06264 Finaled 07/22/2009 2929 YOAKUM ST $ - S 2,000.00 PB09-06307 Finaled 07/23/2009 3000YOAKUM ST $ - $ 2,000.00 PB09-06392 Finaled 07/27/2009 3016 WAKECREST DR $ - S 2,000.00 PB09-07157 Finaled 08/17/2009 3013 WAKECREST DR $ - S 2,000.00 PB09-07314 Finaled 08/19/2009 2936 EARLY FAWN CT $ - $ 2,000.00 PB09-08478 Finaled 09/28/2009 3005 WISPY TRL $ - S 2,000.00 PB09-08482 Finaled 09/28/2009 2932 EARLY FAWN CT $ - $ 2,000.00 PB09-08483 Finaled 09/28/2009 2920YOAKUM ST $ - $ 2,000.00 PB09-08807 Finaled 10/09/2009 2928 WISPY TRL $ - S 2,000.00 PB09-09058 Finaled 10/19/2009 2901 EARLY FAWN CT S - S 2,000.00 TOTAL EXISTING DEMAND $ 128,000.00 CREDIT AGREEMENT - CA -18-001 Page 13 of 21 Palmilla Springs / Chapin Village flight -of -way Valuation fiat Chapin Rd METHOD 1: Percentaee of EMble Prosect Cost Year of Transportation Improvements Plan Transportation Improvements Pian Project Estimated Construction Costs from Transportation Improvements Plan Value of Total Project Right -of -Way (20% of Construction Cost) Total Project Right -of -Way (SF) Right -of -Way Value Per Square Foot METHOD 2: TAD Value TAD Account Total Area (SF) Appraised Value Value per Square Foot METHOD 3: Percentaee of Construction Cost City Project Number Total Construction Cost Value of Total Project Right -of -Way (20% of Construction Cost for full width) Total Project Right -of -Way (SF) Right -of -Way Value Per Square Foot Right -of -Way Dedication 2017 S-23 $920,000.00 $184,000.00 99,200 $1.85 41130995 1,614,770 $185,350.00 $0.11 Chapin Rd CPN 101026 $753,559.60 $150,71L92 126,990 $1.19 Palmilla Springs Phase Chapin Rd 2008 2013 S-20 S-21 S-24 $2,665,000.00 $1,536,000.00 $1,331,000.00 $533,000.00 $307,200.00 $266,200.00 462,000 236,500 177,100 $1.15 $1.30 $1.50 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Chapin Rd Chapin Rd CPN 00551 CPN 02221 $782,230.65 $154,471.28 $78,223.07 $30,894.26 274,127 20,911 $029 $1.48 2017 S-23 $920,000.00 $184,000.00 99,200 $1.85 41130995 1,614,770 $185,350.00 $0.11 Chapin Rd CPN 101026 $753,559.60 $150,71L92 126,990 $1.19 Palmilla Springs Phase 1 2 4 Arterial Chapin Rd Chapin Rd Chapin Rd Plat Case FP -007-038 FP -013.071 FP -17-031 Total ROW Deditation (sq ft) 50,000 20,911 126,990 Value per SF $L30 $1.50 $1.85 Dedication Value $64,947.15 $31,431.74 $235,546.15 CREDIT AGREEMENT - CA -18-001 Page 14 of 21 Palmilla Springs / Chapin Village Capacity Provided by Chapin Rd in Ph IL (CPN 00551 DOE 5462) Paving hem No. Description Unit Unit Price Eligible gem Cast 1 6" LIME STABILIZED SUBGRADE SY $ 1.45 - $ - 2 LIME FOR STABILIZATION (30#/SY) TN $ 105.00 - $ - 3 6" CONCRETE PAVEMENT WITH CURB SY $ 21.10 - S - 4 6" HMACTRANSITION PAVEMENT SY $ 2250 - S - 5 CONCRETE WHEELCHAIR RAMPS EA S 600.00 - $ - 6 CONCRETE SIDEWALK SF S 3.25 - $ - 7 END OF ROAD BARRICADE EA S 1,500.00 - $ - 8 12" DIA ROCK RIP -RAP SY S 80.00 $ - 9 TRAFFIC CONTROL LS S 500.00 - S - 10 R_O.W. PREPARTION (CHAPIN) LS S 6,000.00 1 $ 6,000.00 11 UNCLASSIFIED STREET EXCAVATION CY S 4.45 - $ - 12 CHANNEL GRADING FOR UPSTREAM CY S 292 - S - 13 6' LIME STABILIZED SUBGRADE SY $ 1.45 14,342 $ 20,795.90 14 LIME FOR STABILIZATION (30#/SY) TN $ 105.00 215 S 22,585.50 15 8" CONCRETE PAVEMENT W/CURS AND GUTTER @ 3600 PSI CHAPIN SY $ 25.40 13,927 S 353,745.80 16 PAVEMENT MARKINGS (CHAPIN) LS $ 12,300.00 1 $ 12,300.00 17 6' HMAC TRANSITION PAVEMENT SY $ 22.75 117 $ 2,661.75 18 CONCRETE SIDEWALK (4' AND 6' WIDE) (CHAPIN) SF S 3.25 16,028 S 52,091.00 19 CONCRETE HEADER (CHAPIN) LF $ 6.00 199 S 1,19400 20 ADJUST EXISTING VALVES/RIM TO GRADE (CHAPIN) EA $ 250.00 6 $ 1,500.00 21 CONCRETE WHEELCHAIR RAMPS EA S 600.00 12 $ 7,200.00 22 END OF ROAD BARRICADE (CHAPIN) EA S 1,500.00 6 $ 9,000.00 23 TRAFFIC CONTROL (CHAPIN) LS $ 17,000.00 1 $ 17,000.00 Paving Subtotal $ 506,073.95 Storm Drain )tern No. DescrWw U nit Unit Price ElIffible Cast 1 24" CLASS III RCP LF $ 49.00 S - 2 24" CONCRETE HEADWALL (PER CO FW DETAIL) EA $ 1,400.00 $ - 3 30" CLASS 111 RCP LF S 63.00 5 - 4 30" CONCRETE HEADWALL (PER CO FW DETAIL) EA $ 1,500.00 $ - 5 36" CLASS III RCP LF $ 84.00 $ - 6 42" CLASS III RCP LF $ 113.00 S - 7 42" CONCRETE HEADWALL (PER CO FW DETAIL) EA $ 2,200.00 $ - 8 CH -FW -O DOUBLE HEADWALL (30"/36') EA S 3,000.00 S - 9 4'x4' SDMH EA S 2,300.00 S - 10 5'x5' SDMH EA S 2,500.00 $ - 11 10' CURB INLET EA S 2,050.00 $ - 12 15' CURB INLET EA $ 2,700.00 S - 13 4'x4' DROP INLET WITH 4' CONCRETE APRON EA S 2,300.00 S - 14 TRENCH SAFETY LF S 0.30 S - CREDIT AGREEMENT - CA -18-001 Page 15 of 21 Palmilla Springs / Chapin Village Storm Drain (Continued) Item No. Unit Unit Price Erw* Cost 15 PHASE I POND IMPROVEMENTS LS S 10,000.00 $ - 16 SWALE GRADING (FOR SD LINES -A7, -B-, -D-, & -E- LF S 6.38 $ - 17 12" DIA ROCK RIP -RAP ON FILTER FABRIC SY S 40.00 S - 18 18!' DIA ROCK RIP -RAP ON FILTER FABRIC SY S 56.00 S - 19 EROSION CONTROL (INLETS ONLY) IS S 900.00 S - 20 21" CLASS 111 RCP (CHAPIN) LF S 43.00 61 S 2,623-00 21 24" CLASS 111 RCP (CHAPIN) LF S 49.00 1,011 $ 49,539.00 22 30"' CLASS 111 RCP (CHAPIN) LF S 63.00 484 S 30,492.00 23 36" CLASS III RCP (CHAPIN) LF $ 87.00 13 $ 1,131.00 24 48" CLASS III RCP (CHAPIN) LF $ 134.00 25 $ 3,350.00 25 4'x4' SDMH (CHAPIN) EA S 2,300.00 2 S 4,600.00 26 5'x5' SDMH (CHAPIN) EA S 2,500.00 1 $ 2,500.00 27 10 RECESSED CURB INLET EA S 2,100.00 1 S 2,100.00 28 15' RECESSED CURB INLET EA S 2,700.00 4 S 10,800.00 29 Vx4' DROP INLET W/4" CONCRETE APRON(CHAPIN) EA S 2,300.00 1 S 2,300.00 30 6:1 SET -PD WITH APRON (CHAPIN) EA $ 1,100.00 1 S 1,100.00 31 6" THICK CONCRETE RIP RAP(CHAPIN) SY S 64.50 185 $ 11,932.50 32 PEDESTRIAN HANDRAIL(CHAPIN) LF S 110.00 185 S 20,350.00 33 3- 8"x6' MBC (CHAPIN) LF $ 830.00 93 S 77,190.00 34 MBC HEADWALLS (CHAPIN) EA $ 17,000.00 2 S 34,000.00 35 18" DIA ROCK RIP -RAP ON FILTER FABRIC (CHAPIN) SY S 56.00 374 $ 20,944.00 36 EROSION CONTROL (CHAPIN INLETS ONLY) LS S 700.00 1 $ 700.00 37 TRENCH SAFETY (CHAPIN) LF $ 0.30 1,684 S 505.20 Storm Drain Subtotal $ 276,156.70 Paving Subtotal $ 506,073.95 Storm Drain Subtotal S 276,156.70 CONSTRt MON SUBTOTAL S 782.230.65 Other Eligible Items Description Engineering, Surveying and Material Testing 20% 6 156,446.13 Less City participation (G15673) S (407,414.70) Total Vabue of Capacitv Provided S 531,262.08 CREDIT AGREEMENT - CA -18-001 Page 16 of 21 Palmilla Springs / Chapin Village Capacity Provided by Chapin Rd in Ph 2 (CPN 02221 DOE 7180) Paving Item No. Description Unit Unit Price big � Cast 1 9' CONC PAVEMENT SY 5 36.65 2,508 $ 91,918-20 2 6' CONC PAVEMENT SY 5 31.75 - $ - 3 8' LIME TREATMENT SY S 2.20 67 S 147.40 4 HYDRATED LIME TN S 140.00 52 $ 7,280.78 5 4' CONC SIDEWALK SF $ 3.95 3,442 S 13,595.90 6 BARRIER FREE RAMP EA S 1,500.00 - $ - 7 BARRIER FREE RAMP EA S 1,000.00 2 $ 2,000.00 8 4' ASPHALT BASE TYPE 8 SY $ 50.00 67 S 3,350.00 9 2' ASPHALT PVMT TYPE D SY $ 25.00 67 $ 1,675.00 10 REMOVE RAISED MARKER EA $ 1.50 536 S 804.00 11 4' SLD PVMT MARKING HAS LF $ 2.00 600 S 1,200.00 12 4' BRK PVMT MARKING HAS LF S 2.00 60D S 1,200.00 13 RAISED MARKER EA $ 5.00 64 $ 320.00 14 REFL RAISED MARKER EA $ 5.00 30 S 150.00 15 REFL RAISED MARKER EA $ 5.00 9 $ 45.00 16 MEDIUM STONE RIPRAP DRY SY $ 75.00 - S - 17 TRAFFIC CONTROL MO S 500.00 4 S 2,000.00 18 MANHOLE ADJUSTMENT MINOR EA S 250.00 1 $ 250.00 19 FURNISH/INSTALL ALUM SIGN GROUND MOUNT EA § 500.00 4 § 2,000.00 20 REMOVE CONC PVMT SY $ 20.00 238 S 4,760.00 21 REMOVE ASPHALT PVMT SY S 20.00 57 S 1,140.00 22 END OF ROAD BARRICADE EA § 1,500.00 4 $ 6,000:00 23 REMOVE SIGNAGE/BARRICADE EA $ 250.00 5 S 1,250.00 Paving Subtotal S 141,086.28 Storm Drain item No. Desaignior Unit Unit Price El ble Cost 1 24' RCP CLASS III LF $ 47.00 - $ - 2 21' RCP CLASS III LF $ 44.00 18 $ 792.00 3 IV CURB INLET EA S 2,800.00 - $ - 4 MY RECESSED INLET EA $ 2,900.00 1 $ 2,900.00 5 4' DROP INLET EA $ 3,000.00 - $ - 6 V STORM JUNCTION BOX EA $ 2,800.00 - $ - 7 24' FLARED HEADWALL EA $ 1,700.00 - $ - 8 MEDIUM STONE RIPRAP SY $ 51.00 - $ - 9 REMOVE 4' DROP INLET EA $ 750.00 1 $ 750.00 10 24' STORM ABANDONMENT PLUG EA $ 50.00 1 $ 50.00 11 TRENCH SAFETY LF S 0.50 265 $ 133.00 12 SWPPP> 1 ACRE LS $ 1.00 - $ - Storm Drain Subtotal S 4,625.00 CREDIT AGREEMENT - CA -18-001 Page 17 of 21 Palmilla Springs / Chapin Village Street Lighting ItemNo. Desa* ion Unit Unit Price Quantity Eligible Cast 1 RDWY ILLUM ASSEMBLY EA $ 1,885.00 2 $ 3,770.00 2 RDWY ILLUM FOUNDATION EA S 1,110.00 2 S 2,220.00 3 GROUND BOX SMALL W/UD APRON EA S 705.00 1 $ 705.00 4 NO 10 INSULATED ELEC CONDR LF S 0.75 410 $ 307.50 5 NO 10 BARE ELEC CONDR LF S 0.75 185 $ 138.75 6 2' CONDT PVC SC H 80 LF $ 8.75 185 S 1,618.75 7 4' CONDT PVC SC1140 LF $ 10.00 - $ - Street Lighting Subtotal S 8,760.00 Paving Subtotal S 141,086.28 Storm Drain Subtotal S 4,625.00 Street 1OA5 Subtotal S $.760.00 CONSTRUCTION SUBTOTAL $ 154,471.28 1 Other Eligible Items Description Engineering, Surveying and Material Testing 20% S 30,89426 [Total Value of Capacity Provided S 185,36554 CREDIT AGREEMENT - CA -18-001 Page 18 of 21 Palmilla Springs / Chapin Village Capacity Provided by Chapin Rd in Ph 4 (CPN 1010261 Paving Rem No. Description Unit Unit Price (E1 bk Cost OS -1 HYDRATED LIME TN $ 134.46 108 $ 14,570.49 OS -2 8' LIME TREATMENT (39LB/SY) SY $ 2.74 6,224 S 17,053.76 OS -3 6' LIME TREATMENT (33LB/SY) SY $ 2.69 - S - OS -4 2' ASPHALT PVMT TYPE D SY $ 12.42 1,406 S 17,462.52 OS -5 4' ASPHALT BASE TYPE B SY $ 22.63 1,406 S 31,817.78 OS -6 7' CONC PVMT SY $ 37.80 4,502 S 170,175.60 OS -7 6' CONC PVMT SY S 34.31 98 S 3,362.38 OS -8 4' CONC SIDEWALK SF S 5.60 19,667 S 110,13520 OS -9 6' CONC DRIVEWAY SF $ 4.60 1,239 S 5,699.40 OS -10 BARRIER FREE RAMP, TYPE P-1 EA S 1,495.29 4 S 5,981.16 OS -11 MANHOLE ADJUSTMENT, MINOR EA S 194.44 2 S 388.88 OS -12 GRAVEL DRIVEWAY TRANSITION SY $ 21.25 141 $ 2,996.25 OS -13 END OF ROAD BARRICADE EA S 2,572.50 1 $ 2,572.50 OS -14 SMOOTH WIRE FENCE, METAL POSTS LF $ 7.34 1,012 $ 7,428.08 OS -15 16' GATE, STEEL EA S 999.00 1 $ 999.00 OS -16 24' GATE, STEEL EA $ 1,474.20 1 $ 1,47420 OS -17 PAVEMENT MARKINGS/SIGNAGE LS $ 18,500.00 1 S 18,500.00 Paving Subtotal S 410,617.20 Storm Drainage Rem No. Descripfionmw Unit Unit Price Eligible 61e Cost OS -1 10' x 6' Box Culvert LF $ 633.00 90 $ 56,970.00 OS -2 24' RCP CLASS III LF S 58.00 348 S 20,184.00 OS -3 21' RCP CLASS III LF $ 47.00 54 $ 2,538.00 OS -4 10' CURB INLET EA S 2,900.00 5 $ 14,500.00 OS -5 HEADWALL, BOX CULVERT (10' X 6' STRAIGHT) EA $ 85,000.00 2 $ 170,000.00 OS -6 PEDESTRIAL RAIL PER TXDOT PR1 LF S 147.00 321 S 47,187.00 OS -7 BLOCK RIPRAP, DRY (IS') SY $ 80.00 62 S 4,960.00 OS -8 TRENCH SAFETY LF S 1.00 492 $ 492.00 Storm Drain Subtotal S 316,831.00 Street Lights Rem No. Description Unit Unit Price � ble tity Cast 1 2' CONDT PVC SCH 80 LF S 6.53 1,055 5 6,889.15 2 GROUND BOX SMALL W/LID APRON EA $ 397.00 2 S 794.00 3 RDWY ILLUM ASSEMBLY TY 11 EA $ 1,755.00 6 $ 10,530.00 4 RDWY ILLUM FOUNDATION TY 1 EA $ 868.00 6 S 5,208.00 5 6-6-6 TRIPLEX ALUM ELEC CONDUCTOR LF $ 2.55 1,055 S 2,690.25 Street Lighting Subtotal $ 26,111.40 CREDIT AGREEMENT - CA -18-001 Page 19 of 21 Palmilla Springs / Chapin Village Paving Subtotal S 410,617.20 Storm Drain Subtotal S 316,831.00 Street Lights Subtotal ; 26,111.40 CONSTRUCTION SUBTOTAL 5 753,559.60 Other Eligible Items Description Engineering, Surveying and Material Testing 20% 5 150,711 92 Tota) Value of Capacity Provided; 904,271.52 CREDIT AGREEMENT - CA -18-001 Page 20 of 21 Palmilla Springs / Chapin Village EXHIBIT F Allocation of Credits Credit is to be allocated on a first-come, first-served basis to residential lots within the boundaries of this credit agreement. CREDIT AGREEMENT - CA -18-001 Page 21 of 21 Palmilla Springs / Chapin Village