HomeMy WebLinkAboutContract 35587CITY SECRETAR255Z-
N TR/1C i NO,
Il
Y OF FORT WORTH, TEXAS
ADVANCE FUNDING AGREEMENT
This AGREEMENT is between the City of Fort Worth (the "CITY"), and Diversified Asset
Planning LLC ("DEVELOPER"), for a PROJECT generally described as review of the PS & E
package for the proposed North Tarrant Parkway/US 287 Interchange:
Whereas, DEVELOPER has requested CITY to enter into a Local Project Funding Agreement
(LPAFA) for Voluntary Transportation Improvement Projects (Off -System) with the State of
Texas, hereinafter referred to as the "State", for a review of the PS & E package for the
proposed North Tarrant Parkway/US 287 Interchange;. and
Whereas, DEVELOPER has agreed to be responsible for and to pay for all expenses incurred
by the CITY in connection with the LPAFA.
Now, therefore, CITY and DEVELOPER agree as follows:
Article I
Scope of Services
The DEVELOPER agrees to deliver to the CITY and State all electronic and printed copies of
general notes, specifications, contract provision requirements, and related documentation in a
Microsoft Word or similar document. The DEVELOPER will use the State's document
template. The DEVELOPER will also provide a detailed construction time estimate including
types of activities and month in the format required by the State. All work will be performed in
accordance with the Standard Specifications for Construction and Maintenance of Highways
Streets, and Bridges adopted by the State and incorporated herein by reference, or special
specifications approved by the State.
Article II
Compensation
Contemporaneously with the execution of this agreement, DEVELOPER shall deposit the sum
of $20,000 with CITY for reimbursement %J the costs to be incurred by the CITY under its
agreement with the State.
In the event DEVELOPER determines that funding the additional cost is not in its best interest,
DEVELOPER shall so notify CITY, who shall then terminate the LPAFA with the State.
DEVELOPER agrees to reimburse CITY for any additional actual costs that CITY is required
to reimburse the State under the Master Advanced Funding Agreement existing between the
State and CITY.
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Article III
City Responsibilities
CITY shall have no duties to DEVELOPER unless and until all funds required of
DEVELOPER, either at the time of the execution of this agreement or otherwise, are deposited
with the CITY.
Executed in Fort Worth, Texas, this the
I�
ATTEST:
APPROVED AS TO FORM
AND LEGALITY
Amy Ra��y
Assistant City Attorney
Diversified Asset Planning LLC
Philippe Pageau-Goyette
Manager
day of , 2007:
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CITY OF FORT WORTH
Assistant City Manager
APPROVAL RECOMMENDED
. Goode,
Robert DP.E., Director
Transportation/Public Works Department
`71T Y Q FORETARY-.�ON 7n o ��%% CT No 5W,7
CITY OF FORT WORTH, TEXAS
ADVANCE FUNDING AGREEMENT
This AGREEMENT is between the City of Fort Worth (the "CITY"), and Diversified Asset
Planning LLC ("DEVELOPER"), for a PROJECT generally described as review of the PS & E
package for the proposed North Tarrant Parkway/US 287 Interchange:
Whereas, DEVELOPER has requested CITY to enter into a Local Project Funding Agreement
(LPAFA) for Voluntary Transportation Improvement Projects (Off -System) with the State of
Texas, hereinafter referred to as the "State", for a review of the PS & E package for the
proposed North Tarrant Parkway/US 287 Interchange;. and
Whereas, DEVELOPER has agreed to be responsible for and to pay for all expenses incurred
by the CITY in connection with the LPAFA.
Now, therefore, CITY and DEVELOPER agree as follows:
Article I
Scope of Services
The DEVELOPER agrees to deliver to the CITY and State all electronic and printed copies of
general notes, specifications, contract provision requirements, and related documentation in a
Microsoft Word or similar document. The DEVELOPER will use the State's document
template. The DEVELOPER will also provide a detailed construction time estimate including
types of activities and month in the format required by the State. All work will be performed in
accordance with the Standard Specifications for Construction and Maintenance of H hwags
Streets, and Bridges adopted by the State and incorporated herein by reference, or special
specifications approved by the State.
Article II
Compensation
Contemporaneously with the execution of this agreement, DEVELOPER shall deposit the sum
of $20,000 with CITY for reimbursement of the costs to be incurred by the CITY under its
agreement with the State.
In the event DEVELOPER determines that funding the additional cost is not in its best interest,
DEVELOPER shall so notify CITY, who shall then terminate the LPAFA with the State.
DEVELOPER agrees to reimburse CITY for any additional actual costs that CITY is required
to reimburse the State under the Master Advanced Funding Agreement existing between the
State and CITY.
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Article III
City Responsibilities
CITY shall have no duties to DEVELOPER unless and until all funds required of
DEVELOPER, either at the time of the execution of this agreement or otherwise, are deposited
with the CITY.
Executed in Fort Worth, Texas, this the day of , 2007:
ATTEST:
Marty Hendrix
City Secretary
L TvO m&c I(EQUIRED
APPROVED AS TO FORM
AND LEGALITY
Assist nt Ctity Attorney
Diversi ied Asset Planning LLC
Philippe Pageau-Goyette
Manager
CITY OF FORT WORTH
Ltarc A. Ott
sistant City Manager
APPROVAL RECOMMENDED
Robert D. Goode, P.E., Director
Transportation/Public Works Department
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