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HomeMy WebLinkAboutContract 49863 CITY SECRETARY CONTRACT NO. q FUTURE IMPROVEMENTS AGREEMENT WHEREAS, the City of Fort Worth ("City") has incorporated a "Street Proportionality Study" (the "SPS") which describes the impact of development to the City's roadway infrastructure; and WHEREAS, the SPS includes the development of Old Decatur Road & Marine Creek Parkway from Grayson Ridge Drive to McLeroy Boulevard for a distance of approximately 6,250 feet, (said roadway being referred to herein as the "Improvements") (Exhibit "A" attached); and WHEREAS, the City's Policy for Installation of Community Facilities requires Owners of property abutting proposed or underdeveloped city roadways to construct or, upon request of an Owner, contribute a portion of the costs of the Improvements for future construction of same by City; and WHEREAS, Eagle Mountain-Saginaw Independent School District. a Texas public school district ("Owner"), is the owner of Lot 1, Block 1, Eagle Mountain-Saginaw I.S.D. Middle School No. 6 Addition (the "Property"), consisting of approximately 83.50 acres and bordering the Improvements; and WHEREAS, Owner has requested that City rather than Owner construct the Improvements and City has agreed, subject to the terms of this Agreement; and WHEREAS, Owner agrees to contribute its share of the Improvements to the City. NOW THEREFORE, City and Owner, acting herein by and through their duly authorized representatives, enter into the following agreement: 1. The City may construct (or cause to be constructed) the Improvements provided public funds are available, abutting properties develop, or construction is found to be necessary by the Director of Transportation and Public Works. 2. Owner has paid to the City the sum of Three Hundred Twenty One Thousand Four Hundred Seventy Dollars and Forty Two Cents ($321,470.42), such amount being hereinafter referred to as the "Escrow", which Owner and City agree is the entire amount of Owner's contribution for the cost to construct the Improvements. By providing the Escrow, Owner agrees: (a) this payment to the City is an assessment contemplated under Chapter 313 of the Texas Transportation Code; and -- --t OFFICIAL RECORD Project Name CFA# CITY SECRETARY Date FT.FORTH,TX (b) the amount of special benefit and enhanced value to Owner's property resulting from construction of the Improvements is equal to or greater than the amount of the Escrow, and (c) to waive the rights granted to Owner in Chapter 313 of the Texas Transportation Code to contest or appeal the assessment. By accepting the Escrow and by execution of this contract, City agrees that the Owner and any successor owner of all or part of the Property will have no obligation whatsoever to pay any amounts in addition to the Escrow or take any further action with regard to the construction of the Improvements, even if(a) the actual costs to construct the Improvements exceed the costs expected by the City as of the date of this contract; (b) the specifications, composition, or other characteristics of the Improvements hereafter change for any reason; (c) a mistake has been made (mutual or unilateral) in computing the costs of the Improvements or otherwise; or (d) the costs or scope of the Improvements change for any reason. 3. Owner and City agree that the terms of this agreement eliminate the need for a public hearing and issuance of notices as required by Tex. Transp. Code §§ 313.047-.048. 4. This agreement shall be binding upon and inure to the benefit of the City and Owner and their respective successors and assigns. 5. Owner is in the process of developing the Property. Owner has deposited the Escrow with the City for the future Improvements, such Improvements being necessitated in part by the additional demands that the development of the Property will be placing upon Old Decatur Road & Marine Creek Parkway and being roughly proportionate to the impact of the proposed development along said roadways, and fairly represents the Owner's proportional share of the cost of the improvements to Old Decatur Road&Marine Creek Parkway. Should any claim be raised by Owner or Owner's successors-in-interest or assigns that the Escrow provided for herein is not proportional to the impacts of the development pursuant to Tex. Loc. Gov't Code sec. 212.904, its successor-statute or any constitutional provision, Owner expressly agrees that the City Council and any reviewing court may rely upon the statements in this Agreement in considering relief under such claim. Owner further waives any claim that Owner's contribution in Escrow provided by this Agreement constitutes an unauthorized impact fee pursuant to Tex. Loc. Gov't Code chapter 395. EFFECTIVE as of the date last executed by a Party hereto. Project Name CFA# Date CITY OF FORT WORTH OWNER Eagle Mountain-Saginaw I.S.D. C 44;Z64" Jesus Chapa Steven G. Newcom Assistant City Manager Board President Date: 101-A-)—/—? Date: 10itt'llel Recommended by: Tr s ortation& Public Works Department - w. W Douglas . Wiersig, P.E. Director Approved as to Form & Legality: a2A�� Douglas W. Black Assistant City Attorney M&C: AA Date: Form 1295: OR FORT., ATTEST: ary J. ay City Secreta ''c, � s ti oc ECF/V�� o cry 3 0 201> wo v 9Frq�qT,y �b Projcct Namc CFA# Datc 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. Janie S. Morales Development Manager