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Home My WebLink AboutContract 51748-A1 04/12/2019 8:28 AM AMENDMENT NO. 1 TO COMMUNITY FACILITIES AGREEMENT AND ESCROW AGREEMENT CITY SECRETARY CONTRACT NO. 51748 CSC No.51748-A1 THE STATE OF TEXAS § COUNTY OF TARRANT § WHEREAS,the City of Fort Worth("City")and Fourth&Sylvania Inc., ("Developer") entered into a Community Facilities Agreement ("CFA") and, the City, Developer and R Bank ("Escrow Agent") entered into an Escrow Agreement("Escrow Agreement"),the CFA and the Escrow Agreement being filed with the City Secretary as City Secretary Contract No. 51748, wherein Developer is to make certain improvements related to a project generally described as South of Fourth Residences Phase 1 Paving ("Project"); and WHEREAS, the Developer has not been issued a notice to proceed to construction for the improvements; and WHEREAS, the Developer has selected a new contractor to construct the improvements; and WHEREAS, the Developer desires to amend the CFA and the Escrow Agreement to allow the Developer to construct the improvements with the new contractor NOW THEREFORE, City and Developer, acting herein by and through their duly authorized representatives, enter into the following agreement, which amends the CFA, and City, Developer and Escrow Agent enter into the following agreement which amends the Escrow Agreement: I. The Cost Summary Sheet in the CFA is hereby amended to be and read as follows: Cost Summary Sheet Project Name: South of Fourth Residences Phase 1 Paving CFA No.: 2018-011 City Project No.: 10124; An Engineer's Estimate of Probable Cost is acceptable. However, the construction contract price will ultimately determine the amount of CFA fees and financial guarantee. The bid price and any additional CFA payments will be required prior to scheduling a pre-construction meeting. An City of Fort worth,Texas OFFICIAL RECORD Amendment No. 1 to Community Facilities Agreement and Escrow Agreement(CSC 51748) CITY SECRETARY Page ] of 5 FT. WORTH,TX itemized estimate corresponding to each project-specific exhibit is required to support the following information. Items Developer's Cost A. Water and Sewer Construction 1. Water Construction 2.Sewer Construction Water and Sewer Construction Total $ - B. TPW Construction 1.Street $ 197,816.00 2.Storm Drain $ - 3.Street Lights Installed by Developer $ - 4. Signals $ - TPW Construction Cost Total $ 197,816.00 Total Construction Cost(excluding the fees): $ 197,816.00 Construction Fees: C. Water/Sewer Inspection Fee(2%) $D. Water/Sewer Material Testing Fee(2%) $ - Sub-Total for Water Construction Fees $ - E. TPW Inspection Fee(4%) $ 7,912.64 F. TPW Material Testing(2%) $ 3,956.32 G. Street Light Inspsection Cost $ - H. Signals Inspection Cost $H. Street Signs Installation Cost $ - Sub-Total for TPW Construction Fees $ 11,868.96 Total Construction Fees: $ 11,868.96 Choice Financial Guarantee Options,choose one Amount 'bark one Bond=100% $ 197,816.00 Completion Agreement=100%/Holds Plat $ 197,816.00 Cash Escrow Water/Sanitary Sewer-125% $ - Escrow Pledge Agreement Paving/Storm Drain=125% $ 247,270.00 x Letter of Credit=125%w/2 r expiration period $ 247,270.00 II. The Paving Cost Estimate in the CFA is amended to be acid read as set forth in Exhibit "A" to this Amendment No. 1 to Community Facilities Agreement and Escrow Agreement which is attached hereto and incorporated herein by reference. III. The definition of"Security Funds"in Section 1 of the Escrow Agreement is amended to be and read as follows: City of Fort Worth,Texas Amendment No. 1 to Community Facilities Agreement and Escrow Agreement(CSC 51748) Page 2 of 5 "Security Funds"shall mean the cash deposit of Two Hundred Forty-Seven Thousand Two Hundred Seventy Dollars and No Cents($247,270.001,which sum represents one hundred twenty-five percent (125%) of the estimated Developer's cost of constructing the CFA Obligations(the "Estimated Developer's Cost"). IV. 1. All other provisions of the CFA and the Escrow Agreement, which are not expressly amended herein, shall remain in full force and effect. 2. All terms of this Amendment No. 1 to Community Facilities Agreement and Escrow Agreement that are capitalized but not defined shall have the meanings assigned to them in the Agreement. [SIGNATURES ON NEXT PAGE] City of Fort Worth,Texas Amendment No. 1 to Community Facilities Agreement and Escrow Agreement(CSC 51748) Page 3 of 5 IN TESTIMONY WHEREOF, the City, Developer and Escrow Agent have each caused this instrument to be executed in each entity's respective name by its duly authorized signatories effective as of the date executed by the City's Assistant City Manager.Escrow Agent executes this instrument only in connection with the amendment of the Escrow Agreement. CITY OF FORT WORTH DEVELOPER Fourth and Sylvania, Inc. Jesus J. 11, 019) KNy 5" Jesus J. Chapa Ken Sum raR(Mar 26,2019) Assistant City Manager Name: Ken Sumrall Title: President Date: Apr 11,2019 Date: M a r 26, 2019 Approved at to Form &Legality: ESCROW AGENT ZX,h U d,4 I t Clwke R Bank Richard A.McCracken(Apr 11,2019) Richard A. McCracken Assistant City Attorney Robovf Por-Muis M&C No. N/A Robert Perthuis(Apr 11,2019) Date: Name: R. Travis Perthuis a i Title: VP-Banking Center President ATTEST: Date: Apr 11, 2019 Mary J.K r(AVF,2019) Mary J. Kayser 'a Contract Compliance Manager City Secretary 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. 02rlr.� �c17 eiei2a% e Scarlett Morales(Apr 11,2019) Janie S. Morales Development-Manager City of Fort Worth,Texas OFFICIAL RECORD Amendment No. 1 to Community Facilities Agreement and Escrow Agreement(CSC 51748) CITY SECRETARY Page 4 of 5 FT. WORTH,TX EXHIBIT A Obe Ift MFOOPOM rvee l di PMXKSOUDM 8ECIM 00 42 43 hfMM ML MGM,TX MM PROPOSAL FORM UNIT PRICE BID Bidder's Application Pq.aN�H41>Ireis SlidfeM1Plepml U*at Spoke" aw Bided lln Dow"= flee Semr74aNa �y tWRia MYiw PAVING 1 0170.0102 MoMlcodan BONGS LS 017000 1 SI2,SW.00 f I;500.00 2 0241.0401 Room Cameo Drive SF 02 41 13 71 S7Q00 S 2.25000 3 0241A200 Reaovr step SF 024113 35 S5000 S 1.750.00 4 0241.0500 Reom W.S cis' IF 024113 10 317500 S 1,M00 5 QVIA100 Ra00ve ASOMN Pvnd SY 024115 000 f15. S 1950000 6 0241.1300 RMM Case CbbMM LF 024113 75 $30, 3 2,23M 7 3123.0101 UnclauifieclExceystimbyPle. CY 31 23 16 473 $23,00 S 14.575.00 1 31250101 SWPPP k I me LS 31 2500 1 SI S 1"000 9 3211.0501 6'Lime Tleemns SY 321129 14W $1400 S 19AM.00 10 3211.0400 m La TN 321129 20317MM SZW f 06350 11 3211.05021'I=TicaMeat SY 321129 lE fM f Z10000 12 3212.0302 6` P-1 T D SY 321216 105 $SO S 1,400aO 13 3213 0102 7`Canc Pvmt SY 32 I f IS-" 14 32130301 4'Caec Sidewlk Sr 321320 24f0 SONS 1 00 15 3213.0401 6'Coeeem SF 1 321320 9f0 SION S 4.e0000 16 3213,0301 OW WFm T R•I EA 321320 2 $1.160. f 21W 00 17 3213 0506 Barrier Rea Reep,TjW P•I EA 32 13 20 1 &moal S ST1.00 IS 7216,0101 61Cam Curb and MOW LF 321613 • 33-Sals 3.740.00 19 3292.0400 SOP&M NV&owdkh SY 329213 250 -SI&O01 f 215M 06 20 34414003 Fu0ieha"Ako Silp Gated Mavat Oty SM EA 344130 1 SM S MOO 21 34414004 FurdwMmrll Mm Simn Ex.Pak Mead PA 344130 1 SS00, S SOQOO 22 3441 4110 Remo"end Revandsalp Pod od fact EA 34 41 30 S f700. f 3 00 23 34710001 Tr.Bkm COol MO 347113 1 SI.750. S I.7XOO 24 3305,0107 Me"o A4jumus,Mawr EA 330514 1 I WK001 S MOO w 3....I r..w T.W mr awl s1f7 4.00 UNIT 1:WATER PAPROVEMENTS WA UNR S:SANRARY SEWER P PROVEMWU WA UNIT Sk DRAINAGE PPROVEMENTS WA LOW IV:PAVING I&ROVEMENTS 11127AIM LOW V:STREET LIGHTING BAPROVEAENTS MA UWf VI:TRAFFIC SIGNAL WROVEhENTS WA Te4r Ce.w adsw 107 16" This w b lahrlmd by the esiq ore Wen BMder: or.CRrYa Coon L - Re4Y S.W tar. 4s 4 tiler DeM. AWI%TX MM er a r Cwr.e W-6.arPleeeS Ilor PQfALACCRIAdiCL` �, a ;I alm1w dep 1.6.dW b.tb CONTRACT eeeee.ee4s 4.re s as prwNed In the Co.rtl Cdlft4a K"or SRC710P1 IarvtaRrWOM a4la.oaolrmatolreotew OMOO4ore. Pt W MMM +r.l.—MM I MvM ND Pond er P"M dee4er�..^rati City of Fort Worth,Texas Amendment No. 1 to Community Facilities Agreement and Escrow Agreement(CSC 51748) Page 5 of 5