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Home My WebLink AboutContract 46319-A2 N0� ,5 2p19 SST`T{SSSS�A�� AMENDMENT NO.2 TO CITY SECRETARY CONTRACT NO. 46319 STATE OF TEXAS § § CITY SECRETARY CONTRACT NO. � COUNTY OF TARRANT § WHEREAS,the City of Fort Worth("City")and SLF IV—Chisholm Trail,L.P.("Owner") made and entered into a Transportation Impact Fee Credit Agreement,City Secretary Contract No. 46319 (the "Agreement");and WHEREAS, Amendment 1 (City Secretary Contract No. 46319-A1) to reallocate certain credits was executed on March 12,2019;and WHEREAS, it has become necessary to execute this Amendment No.2 to said Agreement, as amended,to reallocate certain credits and replace Exhibit"F-1"with Exhibit"F-2"attached to this Amendment 2. NOW THEREFORE, City and Owner, acting herein by and through their duly authorized representatives, enter into the following agreement that amends the Agreement: 1. The definition of"Property" in the Agreement is hereby modified to remove the tract of land described on Exhibit "A-1" attached hereto ("Tract 15"). All exhibits to the Agreement are hereby deemed to be amended to remove Tract 15 therefrom. 2. $203,280.00 of credits have been allocated to Tract 5 (approximately 10.39 acres), an additional $463,380.00 of credits have been allocated to Tract 8A(for a total of$1,071,610.37 of credits allocated to Tract 8A), and$617,245.54 of credits have been allocated to Tract 6A (approximately 20.42 acres), as shown in Exhibit"F-2"attached hereto, leaving an unallocated balance of$0.00, subject to reallocation by Owner in accordance with the Agreement. OFFIClk Transportation Impact Fee Credit Agreement Amendment 2 CITY SEU -Ak Chisholm Trail Ranch-CA-15-001 a e FT WORTH 3. Exhibit"F-1"to the Agreement shall be replaced with the Exhibit"F-2"attached hereto and incorporated herein by this reference. 4. All other provisions of the Agreement which are not expressly amended herein shall remain in full force and effect. (Remainder of Page Intentionally Left Blank) Transportation Impact Fee Credit Agreement Amendment 2 Chisholm Trail Ranch-CA-15-001 Page 2 IN WITNESS WHEREOF,the undersigned parties have executed this Amendment to be effective as of the date subscribed by the City's designated Assistant City Manager. CITY OF FORT WORTH,TEXAS SLF IV—CHISHOLM TRAIL,L.P. a Texas limited partnership f By: SLF IV Property GP,LLC, Dana Burg do a Texas limited liability company, Assistant City A. anager its General Partner By: Stratford Land Fund IV, L.P., Date: r C a Delaware limited partnership, its Co-Managing Member By: Stratford Fund IV GP,LLC, a Texas limited liability company, its General Partner By: - Name: P 1,,i l ; F- Title: P yes w4- Recommended By: Randle Harwood Director,Planning and Development Approved as to Form and Legality: Contract Compliance Manager: AK— By signing I acknowledge that I am the person responsible for the monitoring and administration Douglas Black of this contract, including ensuring all performance Assistant City Attorney and reporting requirements. M&C: None required Ju ie Westerman AL J r: f ORT� � %0 ary J.K err 0 _ , City Secretary ' OFFICIAL RECORD XA CITY SECRETARY Transportation Impact Fee Credit Agreement Amendment 2 FT.WggTH TX Chisholm Trail Ranch-CA-15-001 EX MIT A-1 Property Description Tract 15 BEING a tract of land situated in the Juan Albirado Survey, Abstract No. 4, City of Fort Worth, Tarrant County,Texas and being a part of that certain tract of land as described as Tract 1 by deed to SLF IV/Legacy Capital, L.P., recorded in County Clerk's Document No. D213014509 and correction deed, recorded in County Clerk's Document No. D214151266, Deed Records, Tarrant County, Texas, the name was amended by Certificate of Amendment with the Secretary of State for Texas,dated,November 21,2014 to SLF IV-Chisholm Trail,L.P.,recorded in County Clerk's Document No. D215126386, Deed Records,Tarrant County,Texas, said tract of land bring more particularly described by metes and bounds as follows: BEGINNING at a 5/8" iron rod with yellow cap stamped"DUNAWAY ASSOC.LP"found in the south right-of-way line of McPherson Boulevard(a 110'width public right-of-way), as shown on the plat for McPherson Boulevard Right-Of-Way, recorded in County Clerk's Document No. D214206374, Plat Records, Tarrant County, Texas, the north northerly northeast corner of that certain tract of land described as Tract B by deed to WM SUB CTR, LP, recorded in County - Clerk's Document No.D214198092,Deed Records,Tarrant County, Texas; THENCE South 51032'38"East,with the south right-of-way line of said McPherson Boulevard, a distance of 409.36 feet to an "X" cut in concrete set for the northwest corner of that certain tract of land described by deed to City of Fort Worth, recorded in County Clerk's Document No. D216048767, Deed Records, Tarrant County, Texas; THENCE with the southwesterly lines of said City of Fort Worth tract the following courses and distances: South 6°32'38" East, departing the south right-of-way line of said McPherson Boulevard, a distance of 106.07 feet to an"X" cut in concrete set; South 38°27`22" West, a distance of 35.36 feet to a 5/8" iron rod with yellow cap stamped "DUNAWAY ASSOC. LP" set; South 51°32'38" East, a distance of 55.00 feet to a 5/8" iron rod with yellow cap stamped "DUNAWAY ASSOC. LP" set in the west line of that certain of land described by deeds to Robert Michael Banks,Paul Glenn Banks,Payne Living Trust, SSP Trust,Joe C. Payne and JCP-IRA, LLC, recorded County Clerk's Document Nos. D208309667, D208309668, D210257606,D210271876,D211062960 and D211064848,Deed Records,Tarrant County, Texas, the former northwest corner of said Robert Michael Banks, et al tract, bears North 38°27'22" East,a distance of 165.36 feet and being the proposed centerline of future Brewer Boulevard(a proposed 110'width public right-of-way); THENCE South 38°27'22" West,departing the south line of said City of Fort Worth tract,with the west line of said Robert Michael Banks, et al tract, with the centerline of said future Brewer Boulevard, a distance of 334.64 feet to a 5/8" iron rod with yellow cap stamped "DUNAWAY ASSOC.LP"found for the southwest corner of said Robert Michael Banks,et at tract and the most easterly northeast corner of said WM SUB CTR tract; THENCE North 51°32'3 8" West, departing the future centerline of said Brewer Boulevard and with a north line of said WM SUB CTR tract, a distance of 541.09 feet to a 5/8" iron rod with yellow cap stamped "DUNAWAY ASSOC. LP" found for a re-entrant corner of said WM SUB CTR tract; THENCE North 38°40'42" East, with the east line of said WM SUB CTR tract, a distance of 445.00 feet to the POINT of BEGINNING and containing a calculated area of 231,517 square feet or 5.314 acres of land. / r 40, Ir POINT OFow� f / w m OIL .A.w. - �wfam op 10. e. VARIABLE WIDTH DRAINAGE FACILITY EASEMENT \CITY OF FORT WORTH INSET"A. COUNTY CLERK'S DOCUMENT \ DOCUMENT NO. D216048765, D.R.T.C.T. X CUT w NiFORMANON \ MT DIRECTMAL CONTROL LINE 2 231.517 S0. FT. / 5.314 ACRES GROSS + 18.405 SQ. FT. / 0.422 ACRES PROPOSED BREWER BLVD. S06 32'38"E 213.112 So. FT. / 4.892 ACRES NET 106.or GRATE INLET yw� SIF IV-G#SHOLM TRAM., LIP CONC. - ��MAI11 oiM, (FORMERLY CALLED SLF IVAEGACY CAPITAL, L.P.) WALK WT Auac.u► CHANGED IN C.C.D. NO. D21512UN) x out N lam) C.00. NQ D210314505 AND C.C.D. Na 021411511201 MARE FENCE >M C? D.R.T.C.T. S36Z7.22�W 4 (VACANT TRACT) 35.36, / TRACT 15 S5132'38'E 55.00' , CoNc. ti PROPOSED 55' RIGHT-OF-WAY / } , WALK FOR FUTURE BREWER BOULEVARD // (18,405 SQ. FT. /0.422 ACRES) WIRE FENCE�X----—- LIP FDuo s/r no1T Rm MIN YBi11r CAI lTAIlp (CAL) 1o.T. , OWNT'W PAGE 1 14.50 ACRES EASENEIIT VoLum 34M PAM 14e1, fRtT Al1OlOYENT,C.CA NO.02WAIENDED IMMM D.R.T.C.T. SE AbIIN ENT.C.C.D.NO.D21S26t41S,D.R.T.C.T. � �I AND RESTARV SM AIENOIENT.C.C.D.NO..DZ160le0,1e,D.R.T.C.T. / / q / K50 ACES EASEME i / ATED TNFD A1E)A7IEIIT,�1w IIM PAGE 340,OR.T.C.T, / D21IM18 M.D.R.T.C.T. , / EXHIBIT A-1 / / PROPERTY SKETCH REL;.:wawa/ .::............ .w.t.w.waa...t■ wawa. :............ .aawa. ,.wall.....• • wawa. .............. ■..taw._ wawa._; ■::.tlu .:::....,.....w.., .......... .::w.wwwam 1................ ............_ .:........... I.an.aa..a......a 7r. ■.rws.ws111011./twsa'. L..r.r.....rN.■ ■ws wswswswsn..uwsuu2 laws ■wst ■ws ■.w.wwsaal. ■.!� laws ■.t■ ..■ ■t..a....l■ ■.I.•ulIl ■at■ u■ uwswsu.l■ ..r� laws laws .:a ■awa.wa..l■ ■ai' Iwo■ ■w.■ _ ■■ am "Is - ■. 5 _ / as ■al.• 11 no ■wan ■■ ■al law■ ■n.■ no on 0 I_ ww.l.w alll..a l long/wlwl.l .wwwlwlla ■...t■■...a..l, It...■■..a./...a■ / �i I • ' UP • EXHIBIT F-2 ALLOCATION OF CREDITS CREDIT TABLE Page 2 of 2 Tract No. Chisholm Trail Ranch Approx.Area Credits Allocated Lot No. Block No. (Acres) 3 5.036 $ - 4 4.19 $ - 5 2 1 10.391 $ 203,280.00 6A 19.26 $ 617,245.54 613 19.60 $ - 7 23.96 $ 750,000.00 8A 1-14 3 34.996 $ 1,071,610.37 813 10.27 $ - 9 105.90 $ - 10 59.00 $ - 11 17.17 $ - 18 6.631 $ - Total Credits Allocated: $ 2,642,135.91 Initial Credits per Agreement: $ 2,642,135.91 Remaining Credits to be allocated within the property: $0.00