HomeMy WebLinkAboutContract 55233 55233
CSC No.
TRANSPORTATION IMPACT FEE CREDIT AGREEMENT
THIS TRANSPORTATION IMPACT FEE CREDIT AGREEMENT (the
"Agreement") is made 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 Walton Development & Management TX, LLC, a Texas limited liability
company authorized to do business in Texas(the"Owner") (the City and the Owner a"Party", and
collectively, the "Parties").
RECITALS
WHEREAS, the Owner is the owner of approximately 115.54 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 identifies the 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, codified in City Code Chapter 30, Article VIII, et seq., as
amended, under which impact fees are imposed on new development for impacts to the City's
transportation facilities as a result of said development; and
WHEREAS, transportation impact fees are collected and must be spent by the City on
impact fee eligible transportation facilities identified within the City's adopted Transportation
Improvements Plan("TIP"), as amended,within the service area(s)in which the new development
is located; and
WHEREAS, the Impact Fee Program provides for credits against impact fees for
dedication of right-of-way and/or construction of transportation improvements identified as impact
fee eligible on the adopted TIP; and
WHEREAS, the Property is located within service area Y; and
WHEREAS, the City has determined the maximum transportation impact fees to be
assessed against new development within service area Y to be $2,348 per service unit (vehicle-
miles of demand); and
WHEREAS, certain transportation facilities depicted on Exhibit "D" are identified as
impact fee eligible within the City's adopted TIP and therefore eligible for impact fee credit; and
WHEREAS, the Owner has received the following preliminary plat approval:
Development Name, PP-19-056; and OFFICIAL RECORD
CITY SECRETARY
Transportation Impact Fee Credit Agreement-CA-20-013 FT.WORTH, TX
Chisholm Trail Ranch Ph.3
Updated 2/15/19
WHEREAS, the Owner has dedicated 133,729.20 square feet of right-of-way for the
eligible arterial, Brewer Road:
Recorded as Instrument D219030365, recorded February 15, 2019; and
WHEREAS, the Owner has received approval for construction plans and executed
Community Facilities Agreements, and obtained final acceptance by the City for the following:
RCR/TSU Brewer Road, City Project No. 101459.
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 has dedicated the right-of-way for and
constructed the system facilities identified in Exhibit "D". The right-of-way dedication and
construction has been 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".
4. Phasing. The Parties acknowledge that,where it is anticipated that the project will
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 to be granted has been
dedicated and accepted (in the case of right-of-way) or constructed through an executed
Community Facilities Agreement and final acceptance by the City has been obtained. 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 number of credits resulting from such improvement has been valued;
and
(b) 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.
Transportation Impact Fee Credit Agreement-CA-20-013 Page 2 of 15
Chisholm Trail Ranch Ph.3
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6. Term and Effective Date. The term of this Agreement shall be ten(10)years from
its Effective Date.
7. 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 Owner's 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.
8. 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.
9. 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)
Transportation Impact Fee Credit Agreement-CA-20-013 Page 3 of 15
Chisholm Trail Ranch Ph.3
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IN WITNESS WHEREOF, the undersigned parties have executed this Agreement to be
effective as of the date subscribed by the City's Assistant City Manager.
CITY OF FORT WORTH,TEXAS OWNER
Walton Development&Management TX,LLC
a Texas Limited Liability Company
Dana Burghdoff(Jan 28,20 10:26 CST
Dana Burghdoff Tgsorr Cooper
Assistant City Manager Jason Cooper(Jan 27,202112:43 CST)
Jan 28, 2021 Jason Cooper
Date: Authorized Signatory
Recommended By:
Z--�
DJ Ha�27,2021 13:13 CST)
D J Harrell
Director,Development Services Department
Approved as to Form and Legality:
W -1 X7 City Contract Compliance Manager:
Mack(Jan 27,202118:23 CST) By signing, I acknowledge that I am the
Douglas Black person responsible for the monitoring and
Assistant City Attorney administration of this contract, including
M&C: None required ensuring all performance and reporting
Form 1295:None required requirements.
ATTEST: p o�°FORr��a
p�° °°O� Leonard Mantey(Jan 25,202114:25 CST)
0
'o°0
o
v °_ Leonard Mantey
Planning Manager
� *d
°°°O °° �a
Mary J.Kayser �a��nExA000000
City Secretary
OFFICIAL RECORD
CITY SECRETARY
Transportation Impact Fee Credit Agreement-CA-20-013 FT.WORTH, TX
Chisholm Trail Ranch Ph.3
Updated 2/15/19
EXHIBIT LIST
"A" Description of the Property
"B" Map of Property
"C" Development Plan
"D" Eligible Transportation Improvements
"E" Credits Against Transportation Impact Fees
"F" Allocation of Credits
Transportation Impact Fee Credit Agreement-CA-20-013 Page 5 of 15
Chisholm Trail Ranch Ph.3
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EXHIBIT A
Description of Property
BEGIYNNG of a 1 ' ion rod raukd in cancrcle for the Narhwesl earner aF sald 110,711�
offs: iracl and being Irk the $push ri hii-01- lire �1 h repry Boulsvwd 1110' r1fhi—of—way
w4h5 per Wrumnt No. G�2121�2332 I[AT-CT 1,
THEWS ral3rlh 59 rlleg_ 22 mirk. 17 sac. EasF dong the North Zinc, of saW I119.7% q1;r4P Irocl
and said $oulh right—gl—w'gp Ime, g diet-Dnce of 36.01 feet io 0 5!9' Iron rod sound far -a Palnr
of Curvo+ure of o chador aKve to the rirgght, lhau ie inq a rodiva-br 1,345.00 e1, o cenlyd cmgla
Of Bq deg_ 5 (Rift_ 5 set_, imd -being altended by a chord which hears SmuBk 71 depg_ 5 min_
II sec_ Ea31 - 1319.81 leeF.
THENCE In fln -aoslerly dlracl ii is al" 9c id turxeL tD the r ighi, `-ie No-4h I ir" ad 513id IF8.716
O&e Irotl, and to id South r ig3hl Df-way line, a C islan_o Dr 917.50 -oar io a 5c S' capped irgfl
rod found slatirped 'DLINAWAY' ,
THEW;E SouR1 15r dog_ 32 Arkin. 39 9ec. Easl langenl la sod cLrwe and cenlinue olon said
Ncrih litre end South r ighl-ai I Wa line, a diskonce a' 925.08 iarrl to a 5/8' c, Iran rad
laund slampea 'DLNA AY' tar lire mmr rrorlhwro Nof-hec*1 -corner of sold 110.71 o€re irna1
and Nie Norshwoor conker of a Coifed 5.314 ogre Irae- deicebed in a dead 1b Legacy brewer
McPherBom, LLC retOirded ivq Inslrumenl W. D2170ra5675 fDRTCY),
THEWE South M bep_ 40 min_ 42' Bee. west deparling cord South rol—of—wary lime and
coOlnue eh7f'r� the En Ilns or #aid 118.716 acre Irncl and the Wesl line Df abld 5 31A acre
Irocl, a dialonce of 445.00 lees la a 5/8' peal iron"d lowed fi p' 'DI,NAWAY' f0•
on all homer pF said IIS.FI acre froc1 ana �rB 5Zhwea+ corner of aa1 .3111 acre Vaal,
71-IENS South q1 d9g_ 32 min. 39 Sec. EW uking o Ncrrhewl fine of said 118.7113 acre
Irocl and the Soulh litre of said 5_314 wiC hrgxF, -a 4u;i4rCA 01 zl"-0S iql to q Ie'2' G*Pedi
rpq rp4 Sal MFom d r GO0DWIf# 6 MARSHY' , here-ikafrar refeffed is as V2' e+�pW IO
rat! r:ai In Iha Wacl r1 -rFi-wwry 1Ina e%r Prnrrwr Fh ,dAvm'd 4nP%' r1Ljhl-e%r-wfr�r .iAlYi S P+'e
hSlrumerd Na_ D219D3 _65 {DRTOT r
THENCE South 3.8 deb. 27 min. 22 9&c. Weil deNrI saidZits aid
Nor tnd Saulh Zit and
cons Inue along sakk we91 r i9hr—of-way line, o dislance� 2.07 feel iD o 1/2' copped Iran
rail set,
T;iENCE South 34 d _ 6 atiin. 10 sat. Watl along said well r fight-al-tray line. a distance of
977.18 reel I& a V �A d ion rag set iar a Paint of 0x iar* cif a cirGelnr ayr4* is the
lefI homing ¢ rgdk* of 9!�$.0Q fgWj, a €virfd 43n* of 35 deg, 10 mh, 37 aw. , flnd being
FUD6lird 4y a oWd which hems Sft% 45 d"_ .32 Min_ :52 9ec. W&O — i?01_.66 leaf,
T NI;E it a sooIhcrly directign 01arig Paid Give Io the Iitfl w5d sold tit'-0st riot—of--may
IIn*, a distance of 610," fven io a 1/2' capDM Irop rod mi,
T 01C1= Soulh 01 deg. 2 min. 27 ieyc_ Emi tanggerd ho sad cw%m qn4 rgrdkwp gkAg
said West righl—of—wop Zinc, a dlsimga ai 1.Z57.75 f"t 10 a 1/2' capped Iron rod 69%
THBCE South 44 deg. 0 this. 40 sec_ Wesl olong 9oid West righl—Dr—way lime, a disimce
a I V 14.13 reel la• l ' copped iron rod sel,
TF"C.E Sodlh 01 deg. 2 Inln, 27 eec. Eaei abrYq Baid WaBr righl-br-* line, a MlOrroe
bf 60_ lea? 10 a I/V t LLd iran rad se: in the Sop�lh line ad ;aid la-7I& oae iroci,
Me Norlh lire air a called z $ae acre Irocl dW5qrkbsd as Tract I In a deg* ho MSF 4
Crqk, LP recorded In InrlrumeM No. D2141060 lbNTrT F, and being in 1ha
Sc M lime of 51emwl Felix Road,
THWE SwIh dE� q"_ 8 mh, 46 sec. Wesl along Roe South rine of said Is0,716 acre
IroGl. the North line of said ftWA 6 otre. ifatr, and rN South lire Df said 5lewarl Feltz
Road, a disl far 1,2413.74 reel la o 1/2' copped iron rad set, fram which a 7f8' iran
rad fDLrrd Tar refcrcnce hells $skin 70 dqg. * min, 50 3ec, *eBI — 1-1`2 f"I, flnd a
-GOD null iaund roc relerer,ri bears Noxlh 00'35 mar. 5!9 see. Wesr — 42,16 1�ael r
TFENCE Nb�llh 35 Min_ :59 sec_ Wesl deporling sold r,larlh or-d Smh lines, a
disiorox of 3,9.37.63 feel iD a I/2' corn ugn FQ4 sot 10 1he POST OF$EC-tt ",
4;vacInng 5,032.755 $gwfv feel Cr 1IJ.4SS acres Of sand, ftra or I@BB.
r
Transportation Impact Fee Credit Agreement-CA-20-013 Page 6 of 15
Chisholm Trail Ranch Ph.3
Updated 2/15/19
EXHIBIT B
Map of Property
FORT
WORTH
Pap 792'7M
� w
• r�
i
PR E
L000
r
F;Bdix
Crook
5
■OId18�J1[ ��
JII�
I
{
Transportation Impact Fee Credit Agreement-CA-20-013 Page 7 of 15
Chisholm Trail Ranch Ph.3
Updated 2/15/19
EXHIBIT C
Development Plan
a j yrar- 1
7'
77-
20
�1't PAYL 515"Ll L E 31
Lo
r '.
r'j
16
• .ao1�5 r Irl',�
I ' • �.���•�. .;�.t7.
'fir �� C-�
� •.r}�+�'b1�L7�JYrii��lc+ILli� a a� � � „7 � r�� �� �q_ � •
1
�� r•� _ L� r n1�.21r9 y •
- -
{, or
_•ram. � �i
7
1
Transportation Impact Fee Credit Agreement-CA-20-013 Page 8 of 15
Chisholm Trail Ranch Ph.3
Updated 2/15/19
EXHIBIT D
Transportation Improvements
00vE CHASE tit � r
MA2111 I► * {
STOME 110.RNBEAM ti Chisholm Trail Ranh Ph.
rHAft GUML LONI CHOPPY k ERV -Eligible for credit Against
o
(A�;i - 7lamporrat�on Impact fees
ROC, R� 1r A Right-of-4YayrDedication
w
n z
LS'
0
F •1 1
;wgiole Imprawemenrts Limier
RAW dedication from s43uth
Brewer FLoad cf McPhEFEDn Blvd.to Stewart
Feltz Rd.
Construction of western#wo
Brewef Road lanes,sidewalk,street lightsdo
� •
r �
Transportation Impact Fee Credit Agreement-CA-20-013 Page 9 of 15
Chisholm Trail Ranch Ph.3
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EXHIBIT E
Credits Against Transportation Impact Fees
Chisholm Trail Ranch Ph. 3
Net Credit Against Transportation Jmpact Fees
Value of ROW Dedication
Instrument# Plat Case# Eligible Arterial Value
D219030365 FP-19-004 Brewer Road $ 238,037.62
Value of Capacity Provided
City Project# Eligible Arterial Value
101459 Brewer Road $ 1,353,239.30
Value of Existing Demand
Net Credit Available $ 1,591,276.92
Transportation Impact Fee Credit Agreement-CA-20-013 Page 10 of 15
Chisholm Trail Ranch Ph.3
Updated 2/15/19
Right-of-Wa y Va I uat io n fo r C h ishol m Trai I Ranch Ph. 3
Valuation Method 1 - Prec a n#age of TIP Project Cost
Eligible Arterial Brewer Road
2017Transportation Improvements Plan Project Y-29
Number
Estimated Construction Costs from 2017 .$1o,312,Ow
Transportation Improvements Plan
Value of Total Project Right-of-Way�20%of $2,062,
Construction Cast)
Total Project Length ELF) 10,580
Arterial Cross-Section Width �LF) 110
Additional POW needed for Roundabout(SF) 0
Total Project Right-of-Way(SF) 1,163,8W
Right-of-Way Value Per Squa re Foot $1.78
Valuation Method 2-TAD appraised value
TAD Value as of 11/512020
TAI] Amouryt 42002816 42002824
Total Area (5F) 1,339,165 3,832,104
Appraised Value $253,715.00 $539,865.00
V,91 Lie e r Square Foot $0.19 SO. 5
Right-of-Way Dedication
Brewer Read
Recording Instrument Number D219030365
Recording Date 2115/2019
Total area of ROW dedicated 133,729 ;cl rt
Value per SF $1.78
Cre dit $238,037.62-
Total Credit Available $238,037.62
Ex ist ing Denia n d $0.00
Net Credit Available $238,037.62
Transportation Impact Fee Credit Agreement-CA-20-013 Page 11 of 15
Chisholm Trail Ranch Ph.3
Updated 2/15/19
Capacity Provided by Cromwell Marine Creek Improwements CPPJ 101459
CFA-18-0025
Pavi ng
Imn Completed Eligible
des€ription Unit Unit Priae
No. Qua nt' QuantrLy Credit Ava ilable
1 REMOVE&dL5 POSE EXISTINGA5PHALTPbMTCOfFZ SY 1.043 U $ 7.00 $
4"CON DT PVC 5CH 40 LF 200 0 $ ii.04 $ -
3 SITE CLEARING AC 41 11 $ 4 995-DO $ 52 57230
4 UNCALSSIFIED EXCAVATION BY PLAN 94__- 33,557 $ 4.85 $ 182 751.45
3 EMBANKMENT BY PLAN =36' 0 $ 1.00
6 SWPPP 1 U $ 30AGO.OD $ 9 900.00
7 HYDRATEDLIMEMATERIAL -V 693 157 $ 159-91 $ 25105.87
3 8"COMPACTEDLIMESUBGRADE S'4 43594 9.906 $ 2-80 $ 27 56.80
9 2"ASPHALT PVMT TYPE D 0042 594.15 L30 $ 55-DO $ 9 50.00
10 4'ASPHALT BASE TYPE B C092 - 594.15 130 $ 81-00 $ 10 530.00
1= 8"REINF.CONCRETE5TREET PAVEMENTCD#2 S.. 4374.4 0 $ 39-1335 $
1' 10'RElNF.CDNCRETE STREET PAVEMENT 3328E 8706 $ 40-95 $ 35153510.70
8"REIN F-CONCRETESTREET PAVE MENT $ -
1° RED STAMPED IN ROUNDABOUT 506 D $ 107-1)0
14 4'CD NCR ETE SIDEWALK 10'Wide j LF 11699 3,186 $ 39-DO $ 12A 254.00
1' 4"CONCRETE SIDEWALK a'Wide LF 1555 0 $ 28-00 $ -
lE BARRIER FREE RAMPS ITYPE P-i EA 16 2 $ i 200-D0 $ 2,400.01)
i7 4"5LD PVMT MARKING HAS LF 997.025 71)0 $ 0-80 $ 560.00
18 4"5Ld PVMT MARE ING HAS LF 21156 5,328 $ 0-90 $ 4,262.40
11n 4'BRK PVMT MARKING HAS(Wj LF 1099 0 $ 0-85 $ -
20 4'BRK PVMT MARKING HAS LF 1429 0 $ 0-85 $ -
21 8"DOT PVMT MARKING HAS LF 205 96 $ 2-50 $ 240.00
8"5LD PVMT MARKING HAS LF 422 112 $ 1-60 $ 179.20
8"5LD PVMT MARKING HAS LF 330 397 $ i-fi0 611.20
=4 24"SLD PVMT MARKINGHAE LF 429 12 $ 10.Do 120.00
LANE LEG END ARROW EA 12 2 $ 320-DO $ 640.00
REFL RAISE D M AR KE R EA 232 50 $ 3-75 $ 187.50
- REFL RAISE D M AR KE R EA 16 0 $ 3-75 $ -
28 TOP5GIL CY 2211 491 $ 28-50 $ 13 709.50
29 BLOCK SOD PLACEMENT SY 2010S 4,379 $ 4-00 $ 17 512.0d
30 SEED ING8R4ADCASTCO#2 SY 120387 22,325 $ i-DO $ 22,326.00
31 TRAFFIC CONTROL MO 12 fi $ 1,865-00 $ 11190.00
3,Z E ND OF R OAD BARR ICADE Co#2 EA 8 1 $ 1,500-04 $ 1 500.00
33 S"PVC CONDUIT FOR FUTURE GAS LINE DEL CO#2 LF 0 0 $ 18-DO $
34 VALVE BOX ADJUSTMENT DEL CD#1 EA 0 0 $ 10D-00 $
3`- HYDRATEdLIME MATERIAL C0N1 EA 348.4D= 0 $ 160-04 $ -
36 FIRE HYDRATED STEM EXTENSIO N cool EA 8 0 $ 2,7513-04 $
3' MANHOLE ADJUSTMENT MAJOR W/COVER 60"VAULTI CO41 EA 7 0 $ 3 404-D0
ifs MANHOLE ADJUSTMENT MAJOR W/COVER 72°VAULT)0041 EA 8 0 $ 3 625-DO $
39 R EFL.PAV-MRK-TY:1 W WORD YIELD CON1 EA 6 0 S 214.50 $
Paving Subtatal $ 852 967,92
Transportation Impact Fee Credit Agreement-CA-20-013 Page 12 of 15
Chisholm Trail Ranch Ph.3
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Storm Drain Improvements
Item Competed Eligible
No DesQiption Unit Quantit, QuanfFty CreditAvallable
1 21"STORM ABANDON MENTPLUG EA 4 4 $ 75.00 y 300.00
2 MEDIUM STONE RIPRAP SY 1,346 191D S 49.00 $ 3310-00
3 TRENCH SAFETY LF 9 768 UO3 5 1jD0 $ 803-00
4 21"RCP LF 3,917 339 $ 50-00 $ 1 950-00
5 24"RCP LF 2,227 552 58-00 $ 3 016-00
6 27"RCP LF 764 582 65-DO $ 37 830-00
7 33"RCP LF 1,163 0 85-fl0 $
8 36"RCP LF 649 114 100-00 $ 1 400-00
9 39"RCP LF 237 0 5 119-00 $
10 42"RCP LF 43 0 135-00 $
11 4B"RCP LF 118 0 158-00 $
12 54"RCP LF 114 0 5 203-00 $
13 W RCP LF 61 0 234-00 $
14 E'X4'BOX CULVERT LF 125 0 406-00 $
15 8'X 5'BOX CULVERT LF 216 216 429-01D $ 92 664.00
16 &10'X 7'BDX CULVERT LF 135 0 $ 2 696A0 $
17 4'STORM JUNCTION BOX EA 14 3 $ 3,900A0 $ i 700-00
18 5'STORM JUNCTION BOX EA 3 0 $ sswiDo $ -
19 &STORM JUNCTION BOX EA 2 0 $ EdD00J00 $
20 HEADWALL BOX CU LVERT CY 53 0 $ 970-00 $
21 HEADWALL BOX CULVERT CY 27 0 970-00 $
22 HEADWALL BOX CU LVERT CY 43 43.05 970-00 $ 41,758,50
23 54"FLARED HEADWALL EA 1 0 $ 7 200A0 $
244 33"SET 1 PIPE EA 2 0 $ 3 6wjoo $
25 36"SET 1 PIPE E4 2 0 $ 3 700A0 $
26 50"SET 1 P FE EA 1 0 $ 13,500A0 $
27 33"SET 2 P FES EA 1 0 $ 46Wj00 $
28 33"SET 2 PiPES EA 1 0 $ 4700A0 $
29 10'CURB I NLET EA 2 0 $ 3 6wjoo $
30 U RECESSED INLET EA 1E 2 $ 3 900A0 7 800-00
31 IfY RECESSED INLET EA 75 0 $ 1975A0 $
32 W RECESSED INLET EA 8 2 $ 5 6wjoo $ 1 200-00
33 IT RECESSED INLET EA 1 0 $ 3 400A0 $
34 4'DROP INLET EA 6 0 $ 4dD00j00 $
35 5'DROP INLET EA 2 0 $ 5 300-00 $
36 PEDESTRAIN RAIL LF 475 0 $ 9fl-00 $
Subtotal 274 731-50
Storm Drain Ratio for Arterial Streets 100%
Storm drain Subtotal 274,731.50
Transportation Impact Fee Credit Agreement-CA-20-013 Page 13 of 15
Chisholm Trail Ranch Ph.3
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Street Light Improvements
Item Completed Eligible
No Description Ufftit Quantity Quantity Unit Price Credit Available
1 2"CONDT PVC SCH 80 DEL C0#1 LF 11542 2755 WOO $ 22,040.00
2 FURNISH/INSTALLELECSERV PEDESTAL EA 2 2 $7,000.00 14000.00
3 LED LIGHTING FIXTURE EA 69 15 $500.00 7,500.00
4 RDWY ILLUM FOUNDATION CO4*1 EA 64 13 $1,250.00 16 250.00
5 RDWY ILLUM TY 18 POLE CO#1 EA 64 13 $2,450-00 31850.00
6 2-2-2-4 QUADPLEX ALUM ELEC CONDUCTOR CO#1 LF 11,542 2755 $2.00 $ 5,510.00
7 FURNISH/INSTALL DECOR MAST ARM 16'-36' EA 3 1 $3,000.00 $ 3,000,00
8 FURNISH/INSTALL ALUM SIGN GROUND CITY STD EA 63 15 $4W-00 $ 6,000.00
9 INSTALL ALUM SIGN MAST ARM MOUNT EA 5 2 $700.00 $ 1,400.00
10 FURNISH/INSTALLTYPE42DECORSIGNALPOLE EA 3 1 $4,400.00 4400.00
11 TY 3 SIG MAL FO U N DATI 0 N EA 3 1 $2,550.00 2550.00
Street Lights Subtotal $ 114,500.00
Paving Subtotal $ 852,1367.92
Storm Drain Subtotal $ 274,731.50
Street Lights Subtotal $ 114,500.00
CONSTRUCTION SUBTOTAL $ 1,127,699.42
Other Eligible Items
Description
En i n ee ri ng,Surve i ng and Material Tesfi ng 20' of Paving&Storm Drain $ 225,539.88
Total Value of Capacity Provided $ 1,353,239.30
Transportation Impact Fee Credit Agreement-CA-20-013 Page 14 of 15
Chisholm Trail Ranch Ph.3
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EXHIBIT F
Allocation of Credits
Credit will be allocated on a first come, first serve basis within the boundary of the approved
preliminary plat PP-19-056
Transportation Impact Fee Credit Agreement-CA-20-013 Page 15 of 15
Chisholm Trail Ranch Ph.3
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